Crypto Exchange Coincheck’s Owner Monex Reveals Plans to Open US Trading Platform

Online broker Monex Group, which bought out hacked Japanese cryptocurrency exchange Coincheck this spring, plans to launch a U.S.-based trading platform, Cointelegraph Japan reported today, July 27.

summary of data from a financial briefing held Friday confirms plans to establish TradeStation Crypto Inc. as a cryptocurrency-focused subsidiary of securities brokerage firm TradeStation, which Monex acquired in 2011.

As Cointelegraph Japan reports, Monex CEO Oki Matsumoto also signalled Coincheck –– which Monex purchased in April for around $33 mln –– should begin functioning fully next month.

Matsumoto had originally forecast a June opening for Coincheck, but delays in securing a licence from Japan’s financial regulator the Financial Services Authority (FSA) resulted in this being pushed back, Cointelegraph Japan reports.

As Matsumoto stated at a press briefing, he is confident about getting a licence from the FSA, adding that Monex had already finished investing in cyber security and internal management…

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