Monex News

Tokyo-based Monex Group is weighing the launch of a yen-pegged stablecoin, with its chairman, Oki Matsumoto, citing the need to keep pace in digital finance.

The subsidiary of Japanese Monex Group had already said it would cease providing services in the United States.

3iQ chair and CEO Frederick Pye said the firm planned to collaborate with Coincheck — acquired by Monex in 2018 — as part of the deal.

Monex CEO, Oki Matsumoto, said it would be a “very good thing” for them if there was less market competition.

The majority shares of the new combined holding company called Coincheck Group, N.V would be owned by Coincheck’s parent company Monex Group Inc.

Japan’s biggest brokerages are looking to compete with the country’s crypto-native exchanges for digital asset market share.

Oki Matsumoto, the head of Japanese financial services giant Monex, has welcomed the Bank of Japan’s recent interest in central bank digital currency.

Another action-packed week for crypto in Japan has passed.

U.S. online brokerage TradeStation will soon launch its own cryptocurrency lending service.

Brave has found a major partner in Japan to explore the growing Japanese market with.

Major Japanese online securities firm Monex Securities is the first Japanese firm to offer a cryptocurrency CFD.

The number of crypto and blockchain-related companies in Japan increased by more than 30% this year, data from Monex Group's Monex Crypto Bank shows.