2 years ago
Coincheck, 1 of Japan's largest cryptocurrency exchanges, has agreed to merge with Nasdaq-listed peculiar intent acquisition institution (SPAC) Thunder Bridge Capital Partners IV.
The merger is expected to beryllium completed successful the 2nd fractional of 2022, aft which the combined entity volition database connected the Nasdaq Global Select Market nether the ticker "CNCK," Thunder Bridge (THCP) announced connected Tuesday.
The projected transaction is valued astatine astir $1.25 billion.
Coincheck is 94.2% owned by online securities institution Monex, which volition clasp each existing entity astatine closing, representing ownership of astir 82% successful the caller entity.
Headquartered successful Tokyo and regulated by Japan's Financial Services Agency, Coincheck has astir 1.5 cardinal verified customers. It has 24-hour trading measurement of $130 cardinal according to information by CoinGecko.
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Jamie Crawley is simply a CoinDesk quality newsman based successful London.
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