Nasdaq to list Japanese crypto exchange Coincheck after SEC approval
Japanese cryptocurrency exchange Coincheck, owned by Monex Group, has received SEC approval to list on Nasdaq, making it the first Japanese crypto exchange to do so. Coincheck is expected to launch as early as December 10.
Through the merger with Thunder Bridge Capital Partners IV (TBCP), a special purpose acquisition company (SPAC), Coincheck will list on Nasdaq under the ticker symbol Coincheck, and trading is expected to begin on December 11.
The Nasdaq listing application was approved by the US SEC on November 13. After receiving approval from the SEC, TBCP can go public on Dec. 5 by voting shareholders to approve and finalize the business combination.
Coincheck filed several forms with the SEC as part of this listing process. Now that the SEC has approved the Form F-4 registration, THCP will send the final voting materials to its shareholders, who will then vote on the merger.
The SEC's approval and subsequent listing will be a major step toward increasing market integration in the cryptocurrency sector between the US and Japan. Coincheck's SEC approval to list on Nasdaq shows how the US regulatory framework for crypto assets is changing.
With this listing, Nasdaq has set an example for Japanese crypto companies and others looking to expand into US markets. The listing could prompt similar actions by other exchanges seeking to tap the US capital market. With the Trump administration expected to take a pro-crypto stance, this listing could attract more overseas crypto firms to join the US market.
