Src: Coincheck
Coincheck became the first Japanese crypto exchange listed on Nasdaq after receiving approval from the United States Securities and Exchange Commission.
Coincheck's registration statement was accepted by the SEC on November 12; shares are anticipated to start trading on December 10 under the symbol CNCK, subject to a shareholder vote on December 5.
Nasdaq listing of Coincheck is expected to impact tje global market of cryptocurrency. It marks a crucial moment for Japanese crypto exchanges potentially motivating others to pursue international listings thereby promoting the country's presence in global finance.
This move may also attract more foreign crypto companies to the United States market fostering greater integration between Japanese and American financial systems.
Additionally, it might indicate a change to a more favorable regulatory environment in the US, encouraging investment and innovation in the cryptocurrency industry.
This listing may also significantly boost the crypto market growth in the United States by promoting global integration and attracting more global crypto companies.
With a potentially more crypto friendly regulatory environment in the US under president Donald Trump's administration, the listing might attract international companies to establish a presence in the US further growing market participation and investment opportunities.
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