 "Coincheck Inc")
Japanese online brokerage firm Monex Group Inc will buy Coincheck Inc, the exchange at the centre of a $530 million digital money heist, for 3.6 billion yen ($33.6 million), the latest move by a mainstream finance firm into the cryptocurrency market.
Monex, Japan's No.3 online brokerage by customer accounts, said in a statement on Friday it would buy all Coincheck's shares on April 16 in a move that will allow it to access Coincheck's trading platform and customer base.
The deal comes amid regulatory pressure for tighter standards at Japan's cryptocurrency exchanges after the $530 million theft of digital money from Coincheck
