Crypto-exchange Coincheck accepts terms of the transaction from Monex


Crypto-exchange Coincheck accepts terms of the transaction from Monex

The popular crypto-exchange Coincheck agreed with the criteria for the contract for the acquisition of the Japanese Internet broker Monex.

The district popular publication Nikkei published a note describing how the crypto-exchange Coincheck agreed with the criteria for the contract for the takeover of the company by the famous brokerage company Monex. According to these notes, the transaction amount exceeds a certain number of billion yen, and if it is easier, then some amount of 10 million dollars.

The big deal became clear even on Tuesday, but the printed edition says that the terms of the deal were accepted only yesterday. Most likely, this action will lead to changes in the management of crypto-instruments and in its state. Everyone understands that the crypto-exchange Coincheck still continues to reborn after the biggest in the cryptomere theft, when as a result of the hacker attack, crypto-exchange lost NEM tokens by more than $ 530 million.

Internet broker Monex believes that adding to the crypto-exchange industry will strengthen their main operational activity as a large Internet broker.

The final terms of the contract are in the process of completion and will be published on Friday, states Nikkei.

The founder and head of Coincheck, Koichiro Wada and the ruling director Yusuke Otsuka will step back from management after they receive funds from Monex, according to the terms of the acquisition deal. It is known that the ruling director of Monex, Toshihiko Katsuya, will lead the post of the newly-minted president of Coincheck.

Crypto-exchange Coincheck, which has long compensated the expense of injured customers after theft of NEM, received a lot of recommendations for improving business operations from the money center of the country of the rising sun, the agency monetary services (FSA). The FSA agency issued 16 licenses for permission to operate, but as you know, Coincheck does not enter into their list. Nevertheless, Tokyo's crypto-exchange is trying hard to get the consent of the center, which will study the deal with Monex and change its activities under the management of the new management.

It can be interesting:  Consequences of a hacker attack on the Coincheck exchange

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