Coincheck

Key details

• Parent: Koichiro Wada and Yusuke Otsuka
• Launch: 2012

Overview

Coincheck is one of Japan's leading cryptocurrency exchanges, now a Monex Group subsidiary and the first Japan-headquartered crypto exchange to list on a US market via a SPAC merger (Coincheck Group N.V. on NASDAQ) [1, 2, jp-cro]. It is well known for its consumer-friendly app and for recovering from one of the largest crypto hacks in history.

History

2012/2014 — Coincheck founded in Tokyo by Koichiro Wada and Yusuke Otsuka, launching its exchange in 2014. January 2018 — suffers the NEM (XEM) hack of roughly ¥58B (~$530M), one of the largest crypto thefts ever, prompting major remediation. 2018 — acquired by Monex Group, which rebuilt its compliance and security and obtained full FSA registration. 2022 — announces a SPAC merger to list on NASDAQ via Coincheck Group N.V. 2024 — completes the NASDAQ listing, becoming the first Japan-based crypto exchange to trade publicly in the US.

Ownership & operator

Operating entity: Coincheck, Inc. (Tokyo, Japan), under Coincheck Group N.V. Major shareholders: Monex Group, Inc. as majority owner. Regulators: Japan's Financial Services Agency (FSA) and the self-regulatory JVCEA.

Technical integration

A consumer-focused mobile app plus web platform and API. Supports BTC, ETH and a range of tokens via crypto deposit addresses, with Japanese yen funding via bank transfer and convenience-store/quick deposits, plus an NFT marketplace and electricity/gas bill-payment tie-ins.

Implementations & partners

Major competitors: [[binance]] (global exchange) + [[coinbase]] (global exchange) and other Japanese FSA-registered exchanges such as bitFlyer.

Status

Active, an FSA-registered Japanese exchange and US-listed via Coincheck Group N.V. [1, 2].

Sources

• 1 Coincheck — official
• 2 Coincheck — Wikipedia
• jp-cro In-corpus: reports/countries/JP-japan.md

Source

Biography extracted from coincheck.md. See matrix.md for standards-support matrix if present.