Japanese online broker pops on report it plans to buy Coincheck

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Edward White in Taipei

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Shares in Monex Group popped in Japan on Tuesday following media that reports the online broker was eyeing troubled local cryptocurrency exchange Coincheck Inc. 

Monex shares rose as much as 23 per cent in Tokyo, after Nikkei reported the company was planning to offer several billion yen for a majority holding in Coincheck, one of the world’s biggest cryptocurrency exchanges. 

Coincheck has been working to rebuild its reputation after 260,000 customers were hit in a m@55ive heist, leaving its future in doubt. 

The company last month said it had paid nearly $435m to investors in compensation.

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The Financial Times Limited 2018. All rights reserved.



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