Cryptocurrency Exchange

Coincheck Starts Trading of Wide Range of Crypto Assets

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On November 26th, 2018, a press release announced that Japan’s Bitcoin wallet and exchange service- Coincheck, has initiated a trading of a variety of assets, after the ten long months of stealing $530 Million. (In April 2018, Coincheck was acquired by Monex Group for 3.6 Billion Yen.)

Monex Group bought the hacked exchange in March 2018 for $33.5 Million. In the trailing months, Monex Group announced that recovery actions and improvements in security system are being made.

On the other hand, Coincheck released Ripple (XRP) and Factum (FCT) tokens. This release of coin trading represents an open tradable cryptocurrencies platform for Japan once again. This time though an extra care for scrutinized security has been seen. It is done with the support of external experts.

‘As of the announcement today regarding XRP and FCT, Coincheck has resumed depositing and purchasing services for all tradable cryptocurrencies on Coincheck.’- As reported by Monex.

Monex also added that there are various other services that include leveraged transactions and an affiliate service, shall go live in due course of time.

Coincheck has also resumed the trading of NEM (XEM) two weeks ago. The rest of the functionality was brought back in October 2018. Although NEM (XEM) had to face a hard time due to the losses incurred due to the hacking of the cryptocurrency previously.

In the week gone by, Zaif (another Japanese cryptocurrency trading platform) completed its handover to its new owner- Fisco; after the loss of $60 million in September 2018 due to the cryptocurrency hack. The officials of Fisco have planned to compensate its customers by the end of November 2018.

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