tl;dr
Coincheck is preparing to enter the Nasdaq stock market through a merger with Thunder Bridge Capital Partners IV (Nasdaq: THCP), a special purpose acquisition company. The company, which has over 1.98 million verified accounts, aims to complete the merger by the second or third quarter of 2024. The ...
Coincheck Prepares for Nasdaq Entry Coincheck is preparing to enter the Nasdaq stock market through a merger with Thunder Bridge Capital Partners IV (Nasdaq: THCP), a special purpose acquisition company. The company, which has over 1.98 million verified accounts, aims to complete the merger by the second or third quarter of 2024. The move is currently under review and is subject to approval from the US Securities and Exchange Commission and Nasdaq.
Coincheck maintains its position as one of Japan's leading crypto exchanges, with a 27.2% market share and a spot trading volume of $1.1 billion in May 2023. The upcoming Nasdaq listing reflects a maturing crypto market seeking deeper integration with traditional financial systems.
For five years running, Coincheck has led in app downloads and boasts over 1.98 million verified accounts. The company’s push to Nasdaq started after partnering with Monex Group, enhancing its financial base and credibility. Coincheck announced the merger with Thunder Bridge IV in March 2022, targeting completion by the second or third quarter of 2024.
Now, the firm has filed for the Nasdaq listing, which is currently under review. This critical step moves Coincheck towards becoming a public holding company following Coinbase’s steps. Such approval hinges on the US Securities and Exchange Commission (SEC), other regulatory clearances, and Nasdaq’s agreement.
Read more: Best Crypto Exchanges With the Lowest Trading Fees Top Crypto Exchanges in Japan Top Crypto Exchanges in Japan. Source: CoinGecko
Coincheck maintains its position as one of the leading crypto exchanges in Japan. According to a CoinGecko report, the firm enjoyed a 27.2% market share with a spot trading volume of $1.1 billion in May 2023. With unprecedented scrutiny and interest, Coincheck’s upcoming Nasdaq listing signals a maturing market poised for deeper integration with traditional financial systems.
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