Monex Group To Launch Crypto Exchange In The U.S.

Nishanth Shetty

December 15, 2018 3:40 pm

Crypto Exchange

Monex Group To Launch Crypto Exchange In The U.S. | Coindelite News
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One of Japanese major financial services firm, Monex Group which is also the parent company of cryptocurrency exchange Coincheck has made an announcement. The announcement says that the firm has planned to launch a crypto exchange in the U.S. next quarter. The plan includes the expansion of exchange in the U.S. next quarter.

On Wednesday, the Tokyo Stock Exchange-listed Monex Group (8698.T) held a business strategy briefing session. The session was purposed to mention its U.S. expansion plan through its subsidiary Tradestation. Coincheck was hacked in January 2018.

Oki Matsumoto, CEO of Monex Group, described the plans to offer virtual currency transactions in the first quarter of 2019. John Bartleman, CEO of TradeStation also spoke about the initiative.

Mr. Bartleman said:

“For cryptocurrency business, we have been preparing the virtual currency service in the U.S. for the past several months. We believe it can start in the first quarter of 2019.”

The new U.S. exchange will list the top five cryptocurrencies, but the actual list has yet to be finalized. The firm is under the process of acquiring money transmitter licenses in all U.S. states. In December 2017, TradeStation started to offer the trading of Bitcoin Futures contracts by the Cboe Futures Exchange.

Monex Group’s CEO also provided an update on Coincheck’s application to register as a cryptocurrency operator with Japan’s Financial Services Agency (FSA). He added that the team has been with the Financial Services Agency about registration. Coincheck currently supports trading of BTC, BCH, ETH, ETC, LSK, FCT, XRP, XEM, and LTC.

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