Coincheck, the Japanese crypto exchange that suffered the largest hack in the history of the crypto sector around a year ago, resumed account signups, withdrawals, deposits and limited trading in October — and has since then registered some striking achievements.
According to data shared by Monex Group, Coincheck owner since April 2018, the crypto exchange has experienced significant increase in terms of trading volume since the end of November, when it resumed purchasing and depositing services for all cryptocurrencies.
And it has registered, since October, 1.73 million downloads of its mobile app — which resulted into almost 1 million new users confirming their identities in order to use the platform by the end of 2018. And this number may have increased in the meanwhile.
“Service resumption contributed to an increase in trading volume [and] growth potential in customer base where the millennials are the majority,” — Said Monex in a financial report released yesterday, January 31.
And there is more. The cryptocurrency exchange also registered $4.59 million in revenue in the last quarter, analyzed in the report from $2.75 million in the previous one — and losses of about $2.97 million, from $5.39 million in the previous quarter.
The platform has improved its security systems, regularized its activity with the country’s financial regulator and refunded victims of the hack (although the stolen funds have never been recovered) — initiatives that have created the conditions for the current situation.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news