The Japanese cryptocurrency exchange Coincheck plans to list on Nasdaq on July 2, 2023. is stated in documents for the SEC.
In March, the company announced its intention to pursue a public listing via a SPAC deal with Thunder Bridge Capital Partners IV. Its completion was expected in the second quarter, and the combined entity was valued at $1.25 billion.
“Working with Thunder Bridge Capital Partners, Coincheck aims to expand its crypto-asset business, gaining access to global investors, U.S. capital markets and attracting talent to execute its growth strategy,” said the majority owner of the exchange, Monex Group.
According to the documentation, the exchange serves 1.75 million verified users, offering trading in 18 different assets.
In 2018, Coincheck suffered one of the largest hacks in industry history. 58 billion yen ($533 million) of NEM cryptocurrency was stolen from the platform.
Subsequently, online broker Monex confirmed the purchase of a controlling stake in the Bitcoin exchange. The deal was valued at 3.6 billion yen ($33.6 million).
In 2019, Coincheck received approval from the Japanese Financial Services Agency to continue operating.
Earlier in 2022, the American blockchain-hosting provider Core Scientific became a public company through a SPAC merger. In October it emerged that the firm faced bankruptcy risk.
Earlier, a joint venture of chipmaker Advanced Micro Devices and Ethereum solutions provider ConsenSys announced plans to go public via SPAC.
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