Coincheck, a subsidiary of Monex Group, is set to become the first Japanese crypto exchange to be listed on the Nasdaq Global Market.
The US SEC approved Coincheck's application for the listing, which will be facilitated through a merger with Thunder Bridge Capital Partners (TBCP), a special purpose acquisition company (SPAC).
Coincheck filed a Form F-4 registration statement with the SEC, and upon shareholder approval, the merger is expected to close on December 5.
This milestone allows Coincheck to expand its presence in the US market and marks a significant development in the cryptocurrency industry.