Monex

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

Monex
Monex.png
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. Coincheck is a cryptocurrency trading platform.[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