As the crypto space chases mainstream success, one of the institutions within it that has led the charge is crypto exchanges. This is to be expected as crypto exchanges are one of the most important businesses, helping investors to buy and sell their assets. On top of this, the state of crypto exchanges is typically indicative of the state of cryptos as a whole.

A recent win comes from Coincheck, a major Japanese crypto exchange. After months of speculation, it has been given approval by the Securities and Exchange Commission to be listed on the Nasdaq.

It has been announced that Coincheck will be debuting on the exchange on December 10, 2024. With this, it has become the first Japanese exchange to be listed on Nasdaq and this was partially made possible thanks to a merger with Thunder Bridge Capital Partner.

The merger allows Coincheck to still be considered a consolidated subsidiary of Monex Group and some experts believe that other exchanges will pursue the same path moving forward. A vote will have to be held on December 5 where the shareholders of TBCP will decide whether or not the merger is going through. If it is, Coincheck can begin trading within a few days.

One thing that has stuck out with this development is the fact that Coincheck is opening the doors for other companies in Japan. Gaining a foothold in the US is a major goal of many Japanese crypto companies and now, there is a tried and tested pathway to this. As Hiroshi O writes, CryptoNews Japan is buzzing with activity these days, and that means that there will be many trying to replicate this success.

It calls back to the Bitcoin and Ether ETFs which saw many companies apply for theirs after the initial successful approvals.

While cryptocurrency is certainly a global concept, the US is one of the biggest hubs of activity. This is why it is such a big deal that Coincheck was approved and that more Japanese businesses might be following suit. All this is also happening at an interesting time as many crypto lovers believe that a new era of pro-crypto regulation is coming to the United States.

With Donald Trump’s victory in the US presidential elections, it is believed that many governmental institutions, including the SEC, will be more favorable towards crypto. Coincheck has essentially provided a roadmap for Japanese companies to be listed on the US market and even businesses outside of Japan or Asia might get in on the action.

The SEC has been criticized for years for how it has treated the industry and as far as many are concerned, Trump’s second term will lead to massive reforms. There has been talk of overhauling the leadership of the Commission and the US markets becoming more aggressive with its crypto activities. If these happen, we can expect even more announcements similar to Coinchecks.

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