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    Tokyo’s Coincheck gears up for Nasdaq debut, setting stage for more Japanese crypto exchanges to go global

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    Nasdaq, C-man, cryptocurrency, crypto, coin

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    Tokyo-based cryptocurrency exchange Coincheck is set to become the first Japanese crypto exchange to list on Nasdaq Global Market, potentially on December 10. The US SEC approved the listing proposal, following Coincheck filing their registration in early November. Coincheck is merging with Thunder Bridge Capital Partners for the Nasdaq debut while remaining under Monex Group, their parent firm. The listing could encourage other Japanese exchanges to consider international market listings and support the US’s pro-crypto agenda.

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    Tokyo-based cryptocurrency exchange, Coincheck, is set to be the first Japanese crypto exchange to appear on the Nasdaq Global Market, as early as December 10. The United States Securities and Exchange Commission (SEC) gave its consent for this listing on November 13. The exchange is merging with Thunder Bridge Capital Partners for the Nasdaq debut. This maintains their status in the Monex Group (their parent company) and potentially sparks interest for other Japanese exchanges to follow in their tracks.

    The SEC’s approval was in response to Coincheck’s registration being filed and becoming effective in early November. The next step is the shareholder vote on December 5, finalizing the business merge and paving way for the listing. If shareholders are in favor, Coincheck’s debut on Nasdaq will be cemented, and shares will start trading under the ticker CNCK from December 10.

    This listing is a big deal for both Japan and the US, as this integration could motivate other Japanese trading platforms to think about international market listings. For the US, this can bring in more global crypto companies that align with the country’s pro-crypto agenda under the upcoming Trump administration.

    The SEC has had a significant role in the regulation and oversight of crypto assets, exchanges, and firms in the US. The CEO of Consensys, Joe Lubin, has previously shared his criticism of the SEC, stating that it limits innovation in the crypto industry. Regardless, he is hopeful for supportive crypto regulations under new SEC leadership.

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