Cryptocurrency Exchange Coincheck Has Got A License
On January 11, the Japan Financial Services Agency granted Coincheck a license to trading cryptocurrencies.
In January 2018, hackers hacked Coincheck and stole about $ 530 million in cryptocurrency. The trading platform fully compensated the losses of traders and resumed its work in March last year. In April 2018, Monex Group purchased the exchange for $ 33.5 million. After 2 months, the exchange sent an application for a license.
In October last year, Coincheck started registration to new users and resumed the function of depositing funds. At the moment, there are trading pairs with such cryptocurrencies as Bitcoin, Ethereum, Ethereum Classic, Lisk, Factom, XRP, Litecoin, Bitcoin Cash and NEM. Daily Bitcoin trading volume is 3.829 BTC coins at the press-time.
A license granting is a very important step of the development of Coincheck. The trading platform will continue to conduct business in the status of an authorized dealer, which will greatly enhance the reputation of the platform. According to the financial report, in the third quarter of 2018 trading volume on the stock exchange decreased by 66%. In November, the negative trend persisted: the volume of trading in the BTC/JPY pair fell over 3 months by 54% (from 720 thousand yen to 390 thousand yen).