Monex’s Coincheck to Obtain Paris-Based Crypto Prime Brokerage

Coincheck, a leading Japanese cryptocurrency exchange under the ownership of Monex Group, is set to broaden its operations into Europe by acquiring Metalpha Prime Group, a cryptocurrency prime brokerage firm headquartered in Paris. This acquisition signifies a strategic move for Coincheck to penetrate the European market and cater to an extensive range of institutional clients and high-net-worth individuals. The transaction is anticipated to finalize in the fourth quarter of 2024, pending customary regulatory approvals. This move will enable Coincheck to offer sophisticated crypto trading, lending, and borrowing services to its clientele in Europe, solidifying its position as a global player in the crypto space. This acquisition comes at a time when the cryptocurrency market is experiencing substantial growth and expansion, with more and more companies seeking to establish their presence in various regions around the world.