FSARegulated
Japan Crypto Asset Exchange License (CEX)
Coincheck
Regulated in Japan
Crypto Asset Exchange License (CEX)
Global Business
Basic Information
Country/RegionJapan
Exchange AbbreviationCoincheck
Company NameCoincheck, Inc.
Operating Period10-15 years
Websitehttps://coincheck.com/
Exchange TypeCentralized Exchange
RiskNotice
2 risk alerts
- License No.
- 関東財務局長 第00014号
- Regulatory Jurisdiction
- Japan
- Licensed Entity
- コインチェック株式会社
- Effective Date
- 2019-01-11
- Sharing Status
- No
User Feedback
24
The trading fees of Coincheck are really too high, it's like robbery! And their customer service is also very poor, they can never answer the questions I ask.
Certainly! While providing 300 unique and natural-sounding reviews is a substantial task, I'll create a few to give you a feel. Keep in mind that generating such a large number may result in some repetitions or slight similarities. Let's start:
Exchanges with 24H trading volume exceeding --
0 /100
$62,730,000
33.10% Exchange Overview
Exchange Overview
What Is Coincheck?
Coincheck is a cryptocurrency centralized exchange (CEX) with a global community and a key user base in Japan. One of the leading crypto platforms in Asia (in terms of liquidity, trading volume and traffic) is registered under Japanese authorities, regulated by Japan’s Financial Services Agency (FSA) and audited by the Japan Blockchain Association.
The Japanese exchange supports 17 popular large-cap cryptocurrencies. The Japanese yen is the main currency, though the US dollar is also accepted. Users can make fiat deposits through bank transfers or bank cards, digital assets of a customer are stored in a cold wallet.
Coincheck's other products and services include: OTC (over-the-counter) trading, initial exchange offerings (IEOs), Coincheck Denki (pay electric bills with Bitcoin), Coincheck Gas (pay gas bills with Bitcoin), Coincheck Survey (answer surveys and earn crypto) and Lending. Furthermore, the platform also has a non-fungible token (NFT) marketplace and staking service in beta.
The platform serves more than 1.5 million clients and has a trading terminal (both a web version and a mobile app), as well as the main tools for trading assets on the global market.
Who Are the Coincheck Founders?
It was launched in April 2012 by crypto enthusiasts Yusuke Otsuka (COO) and Koichiro Wada (CEO / CTO).
Yusuke Otsuka graduated from the University of Waseda with a Master's Degree in Quantum Mechanics. Prior to Coincheck, Otsuka was a UX Designer at Nexway.
Koichiro Wada has been programming since the age of 8 and proved himself at various hackathons. He studied at the Tokyo Institute of Technology, also known as Tokyo Tech, founded ResuPress and developed STORES.jp.
In 2018, the project was acquired by an influential online brokerage company — Monex Group, Inc. As a result, Toshihiko Katsuya took over the role of Representative Director, and Oki Matsumoto now holds the position of Director on the Executive Board.
Where Is Coincheck Located?
The Japanese centralized exchange is headquartered in Tokyo.
Coincheck Restricted Countries
U.S. investors are restricted from using the exchange.
What Coins Are Supported on Coincheck?
In addition to trading Bitcoin (BTC), Coincheck lists other notable altcoins as well, such as: ETH, ETC, XRP, LTC, XLM, ENJ, SAND, DOT and more.
How Much Are Coincheck Fees?
The exchange charges maker and taker fees for trading, which depends on the cryptocurrency. BTC maker-taker is 0%, while ETC is 0.05% (maker) and 0.10% (taker).
Coincheck’s marketplace charges a fee of 0.1% to 5%. For deposits and withdrawals, each coin carries its own withdrawal fee, for example, the fee for withdrawing BTC is 0.0005 BTC. Deposit fees depend on the deposit method and amount of funds.
Is It Possible To Use Leverage or Margin Trading on Coincheck?
The exchange doesn’t offer margin trading and leverage.
Business Region
InfluenceA0
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News
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Coincheck, Thunder Bridge move closer to Nasdaq listing with public filing
Coincheck and Thunder Bridge Capital filed their registration statement with the SEC, bringing their merger and Nasdaq listing closer to completion. Japanese crypto exchange Coincheck and Thunder Bridge Capital have taken one step closer to the completion of their merger transaction and Nasdaq listing. According to a May 7 press release, the companies filed their registration statement on Form F-4 with the U.S. Securities and Exchange Commission, marking a milestone in their two-year journey toward a planned public offering. Over the past months, the companies filed multiple confidential drafts of the registration statement with the SEC, allowing for revisions based on comments. The Form F-4 is required by the commission for business transactions involving foreign companies. Initially disclosed in March 2022, the proposed business combination aims to make Coincheck a publicly traded entity through a de-SPAC transaction with Thunder Bridge. At the time, the merger deal was reported at $1.25 billion. Monex Group statement. Source: Monex Group A de-SPAC occurs when a private company merges with a special purpose acquisition company (SPAC) — an entity created specifically to find and acquire private businesses. Companies seek de-SPAC transactions because they may provide a faster path to public markets than traditional initial public offerings. The merger was initially expected
Japan’s SBI Buys Crypto Exchange Rival Bitpoint
Japanese Securities Giant SBI Completes Takeover of Crypto Exchange Bitpoint Source: Pixs:sell/Adobe The Japanese securities giant SBI has completed a takeover of the rival crypto exchange Bitpoint. The move consolidates the firms increasingly tight grip on the domestic crypto market – and marks the second time it has taken over a domestic rival. SBI confirmed the move in a post on its website. The company snapped up a controlling (51%) stake in Bitpoint back in May last year. But, the firm wrote, it has now agreed a deal to buy the remaining 49% of Bitpoints share. The company did not disclose how much it had paid for the shares. SBI explained that it would move to make Bitpoint a “wholly owned subsidiary” firm. The company also outright owns the TaoTao crypto trading platform – an exchange that was formerly part-owned by Yahoo Japan. SBI bought TaoTao in 2020. SBI also operates SBI VC Trade, its own organic crypto exchange. SBI noted that it would use liquidity from its UK-based subsidiary B2C2 to improve existing Bitpoint services. The firm added that it may look to list gaming-related tokens on the platform in the future. Bitpoint was founded by the points system operator Remixpoint. Japanese Securities Giants Muscling out
Bitcoin Pay: Why it’s No Longer Big in Japan
When it comes to bitcoin (BTC) adoption, few countries can hold a candle – in terms of commitment at least – to El Salvador, a nation where you can now pay for everything from dental care to recording studio time in BTC. But once upon a time, Japan was the country everyone in the crypto world looked to with envy. Roger Ver, once known as the “Bitcoin Jesus,” famously stated that Tokyo, the capital of the country where he now resides was “the worlds most bitcoin-friendly city.” How times have changed (even Roger has moved into the Bitcoin Cash (BCH) camp). Now paying with bitcoin has become a tall order in most parts of Japan, including the capital. Ironically, though, the Japanese hunger for BTC shows no sign of abetting. Back in the early days of this website, Cryptonews.com reported that shoppers could buy everything from eels to eyeglasses using BTC. Gone, though, are the days when big retailers were falling over one another in the rush to start accepting crypto pay. Instead, it has actually become harder to spend your BTC, but easier than ever to buy it. Crypto is readily available at most of the nations thousands of 24-hour convenience stores in the
