Monex Group Interested in Buying Out FTX Japan's Assets
Main page News, Japan, Cryptocurrency Exchanges, FTX

Monex Group, a Japanese financial services conglomerate, is interested in buying cryptocurrencies of FTX's subsidiary in Japan, Bloomberg reports, citing Monex head, Oki Matsumoto.

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In an interview, Matsumoto said that the company is "naturally interested" in acquiring FTX Japan's assets, declining to elaborate on the matter. FTX Japan is being auctioned as part of FTX's bankruptcy case in the US. According to Bloomberg, over 40 parties have already "expressed interest" in acquiring the exchange's assets.

FTX Japan Plans to Introduce a Refund Plan for its Customers

While Monex is interested in FTX, the company is still considering listing its cryptocurrency exchange Coincheck on the Nasdaq Exchange, Matsumoto. Monex earlier said in was planning to list Coincheck by July 2, 2023.

The trading platform wants to list its shares on the US stock exchange through a merger with special purpose acquisition company (SPAC) Thunder Bridge Capital Partners IV. The deal is valued at $1.25 billion and the holding company will be called Coincheck Group N.V.

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