Coincheck to Debut on Nasdaq

On December 11, trading of shares in the centralized exchange Coincheck will commence on Nasdaq.

Coincheck Group N.V. announces its listing on NASDAQhttps://t.co/2kEZo6JCBq@NasdaqExchange

— Coincheck(コインチェック) (@coincheckjp) December 10, 2024

The shares will be listed on Nasdaq under the ticker CNCK. Coincheck will become the second cryptocurrency exchange on the US stock market alongside Coinbase.

The company will achieve public status through a merger with Thunder Bridge Capital Partners IV as part of a SPAC deal.

Initially, the team planned to list on Nasdaq on July 2, 2023, with a valuation of $1.25 billion.

Coincheck is a centralized exchange registered in Japan in 2014. At the time of writing, the platform offers 19 pairs with 16 crypto assets, with a daily trading volume of $159.9 million.

In 2018, Coincheck fell victim to one of the largest hacks in the industry’s history, suffering a loss of approximately $533 million in NEM cryptocurrency.

Earlier in December, media reported that the Japanese exchange DMM Bitcoin is preparing for liquidation following a hack and a loss of $320 million in bitcoins.