Coincheck, which has 1.98 million verified customers, filed a registration statement with the SEC for a business combination with Thunder Bridge Capital Partners IV. The Japan-based crypto exchange will go public in the US as a result of this merger. As it is known, Thunder Bridge IV is traded on Nasdaq under the ticker THCP.
According to the statements made, the Japanese exchange Coincheck submitted the necessary statements to the SEC to be listed in the US. Coincheck Group B.V and Thunder Bridge IV filed a registration statement on Form F-4 on May 7, subject to review and comment by the SEC.
Japanese stock exchange to US
Coincheck, one of Japan's largest crypto exchanges, has filed an application to be listed on Nasdaq under the symbol CNCK. Coincheck could start trading on Nasdaq in the second or third quarter of 2024.
Coincheck has to go through many processes to be listed on Nasdaq. The approval of Thunder Bridge IV's shareholders, the fulfillment of the conditions specified in the finalized agreement, and the approval of the registration statement by the SEC are required. If all these processes are overcome, Coincheck will become the second crypto exchange to go public in the US.
If it realizes the business combination with Thunder Bridge IV, Coincheck Group B.V. will be renamed Coincheck Group N.V.
Coincheck, which has had the highest number of app downloads in Japan for five years in a row and has 1.98 million verified accounts, has set its sights on Coinbase's throne. If Coincheck enters the US market, it will be the second crypto exchange to go public after Coinbase.
