Monex Broker to Reward Clients with Bitcoin
Main page News, Bitcoin, Japan

The Japanese brokerage company Monex Group will pay shareholders additional remuneration for the fiscal year in bitcoins (EXANTE: Bitcoin), iHodl Russia has learned.

However, not all broker's shareholders will receive bitcoins, but only those who have an account on the Coincheck cryptocurrency exchange.

Back in 2018, Coincheck, a large cryptocurrency exchange in Japan, said that approximately 500 million NEM coins worth $400 million at that time were lost after the coins were sent "illicitly" outside the venue.

Monex claims the shareholders will receive up to 500 yen (~ $ 4.54) in bitcoins.

Monex Subsidiary Launches Crypto Brokerage Platform

The Monex Group purchased the Coincheck exchange for $ 33.6 million in 2018 after the platform suffered a massive hacker attack.

With its new owner, Coincheck received a license from Japan's financial regulator in January last year. Later, the exchange launched a platform for over-the-counter cryptocurrency trading.

Earlier iHodl reported that Coincheck limited margin trading opportunities to match local practice from 5x down to 4x. The decision was made in accordance with the provisions of the Japan Cryptocurrency Exchange Association.

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