Difference between revisions of "Monex"

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Monex acquired all of the shares of [[Coincheck]] in April 2018 for $33 million after Coincheck's customers' accounts were hacked and they lost $530 million worth of the cryptocurrency [[NEM]].<ref>{{cite web|url=https://www.forbes.com/sites/adelsteinjake/2018/04/29/why-japanese-monex-groups-purchase-of-hacking-victim-coincheck-was-a-smart-buy-after-all/#4dd4e6f82835|name=Why Japanese Monex Group's Purchase Of Hacking Victim Coincheck Was A Smart Buy After All|org=Forbes|date=December 4, 2018}}</ref> After ceasing many of its operations, Monex reported on November 26, 2018 that all pre-hack services had been restored and were operational.<ref>{{cite web|url=https://news.bitcoin.com/exchanges-coincheck-bitmex-insurance/|name=Exchange News: Coincheck Resumes All Trading, Bitmex Insurance Fund Grows|org=Bitcoin.com|date=December 4, 2018}}</ref>   
 
Monex acquired all of the shares of [[Coincheck]] in April 2018 for $33 million after Coincheck's customers' accounts were hacked and they lost $530 million worth of the cryptocurrency [[NEM]].<ref>{{cite web|url=https://www.forbes.com/sites/adelsteinjake/2018/04/29/why-japanese-monex-groups-purchase-of-hacking-victim-coincheck-was-a-smart-buy-after-all/#4dd4e6f82835|name=Why Japanese Monex Group's Purchase Of Hacking Victim Coincheck Was A Smart Buy After All|org=Forbes|date=December 4, 2018}}</ref> After ceasing many of its operations, Monex reported on November 26, 2018 that all pre-hack services had been restored and were operational.<ref>{{cite web|url=https://news.bitcoin.com/exchanges-coincheck-bitmex-insurance/|name=Exchange News: Coincheck Resumes All Trading, Bitmex Insurance Fund Grows|org=Bitcoin.com|date=December 4, 2018}}</ref>   
  
On December 4, 2018, ErisX, a cryptocurrency designated contract market and a derivatives clearing organization regulated by the [[U.S. Commodity Futures Trading Commission]], announced that Monex's subsidiary TradeStation Securities had invested in ErisX's second funding round.<ref>{{cite web|url=https://www.coindesk.com/fidelity-bitmain-and-more-invest-27-million-in-crypto-trading-platform-erisx|name=Fidelity, Bitmain and More Invest $27 Million in Crypto Trading Platform ErisX|org=Coindesk|date=December 4, 2018}}</ref>  
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On December 4, 2018, ErisX, a cryptocurrency designated contract market and a derivatives clearing organization regulated by the [[U.S. Commodity Futures Trading Commission]], announced that Monex's subsidiary TradeStation Securities had invested in ErisX's second funding round.<ref>{{cite web|url=https://www.coindesk.com/fidelity-bitmain-and-more-invest-27-million-in-crypto-trading-platform-erisx|name=Fidelity, Bitmain and More Invest $27 Million in Crypto Trading Platform ErisX|org=Coindesk|date=December 4, 2018}}</ref>
  
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In a further show of support for Coincheck, in September 2019 the company provided a dividend of 500 Japanese yen worth of [[bitcoin]] to shareholders with accounts at Coincheck.<ref>{{cite web|url=https://www.monexgroup.jp/en/news_release/irnews/auto_20190923400067/pdfFile.pdf|name=Notice on Granting Cryptocurrency Bitcoin as Mid-term Shareholder Benefit for Fiscal Year 2019|org=Monex Group|date=March 23, 2020}}</ref> The company announced  on March 23, 2020, that it would repeat the special distribution at the end of the month.<ref>{{cite web|url=https://www.financemagnates.com/cryptocurrency/news/monex-gifts-bitcoin-to-shareholders-with-coincheck-crypto-accounts/|name=Monex Gifts Bitcoin to Shareholders with Coincheck Crypto Accounts|org=Finance Magnates|date=March 23, 2020}}</ref>
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==Background==
 
==Background==
 
Monex Group, Inc., whose shares are listed on the Tokyo Stock Exchange, is the parent of a number of financial services companies. Monex, Inc. is an online securities brokerage in Japan. In addition to Coincheck, the Monex Group also consists of a cryptocurrency bank, an internal financing corporation, and an investment and venture advisory subsidiary in Japan. It also offers brokerage services in other parts of Asia and in Australia. Monex Group acquired TradeStation Securities, a U.S. securities and futures brokerage firm, in 2011.<ref>{{cite web|url=https://www.monexgroup.jp/en/index.html|name= Website|org=Monex Group|date=December 4, 2018}}</ref>
 
Monex Group, Inc., whose shares are listed on the Tokyo Stock Exchange, is the parent of a number of financial services companies. Monex, Inc. is an online securities brokerage in Japan. In addition to Coincheck, the Monex Group also consists of a cryptocurrency bank, an internal financing corporation, and an investment and venture advisory subsidiary in Japan. It also offers brokerage services in other parts of Asia and in Australia. Monex Group acquired TradeStation Securities, a U.S. securities and futures brokerage firm, in 2011.<ref>{{cite web|url=https://www.monexgroup.jp/en/index.html|name= Website|org=Monex Group|date=December 4, 2018}}</ref>
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==References==
 
==References==
 
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[[Category:Derivatives Clearing Organization]]
 
[[Category:Derivatives Clearing Organization]]
 
[[Category:TradeStation]]
 
[[Category:TradeStation]]
[[Category:ErisX
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[[Category:ErisX]]

Revision as of 10:40, 23 March 2020


Monex Group, Inc. is an internationally active diversified Japanese financial services holding company.

Monex
Monex Group.gif
Founded 1999
Headquarters Tokyo Japan
Key People Oki Matusmoto, Chairman and CEO
Products Financial Services and Venture Investing
Website Monex Group Homepage

Monex acquired all of the shares of Coincheck in April 2018 for $33 million after Coincheck's customers' accounts were hacked and they lost $530 million worth of the cryptocurrency NEM.[1] After ceasing many of its operations, Monex reported on November 26, 2018 that all pre-hack services had been restored and were operational.[2]

On December 4, 2018, ErisX, a cryptocurrency designated contract market and a derivatives clearing organization regulated by the U.S. Commodity Futures Trading Commission, announced that Monex's subsidiary TradeStation Securities had invested in ErisX's second funding round.[3]

In a further show of support for Coincheck, in September 2019 the company provided a dividend of 500 Japanese yen worth of bitcoin to shareholders with accounts at Coincheck.[4] The company announced on March 23, 2020, that it would repeat the special distribution at the end of the month.[5]

Background

Monex Group, Inc., whose shares are listed on the Tokyo Stock Exchange, is the parent of a number of financial services companies. Monex, Inc. is an online securities brokerage in Japan. In addition to Coincheck, the Monex Group also consists of a cryptocurrency bank, an internal financing corporation, and an investment and venture advisory subsidiary in Japan. It also offers brokerage services in other parts of Asia and in Australia. Monex Group acquired TradeStation Securities, a U.S. securities and futures brokerage firm, in 2011.[6]

References