Japan’s largest digital asset exchange has officially made its debut on the Nasdaq.

‍What’s happening:‍

• Japanese crypto exchange Coincheck Group (NASDAQ: CNCK) has officially begun trading on the Nasdaq
  

By the numbers:‍

• Coincheck Group went public through a SPAC transaction with Thunder Bridge Capital Partners IV in a deal valued at $1.25B USD
  
• The SPAC transaction will give Coincheck Group access to $31.6M USD in new capital
  

Why it matters:‍

• Coincheck Group is the single largest operating crypto exchange in all of Japan
  
• This is also the first time a digital asset exchange has listed on a major stock exchange in the United States of America since Coinbase (NASDAQ: COIN), which may be validation that the enthusiasm around crypto is starting to expand beyond just Bitcoin and Ethereum in the traditional public markets
  

Going deeper:‍

• Coincheck Group is one of the largest crypto exchanges globally and facilitates hundreds of millions of dollars of trading volume on a daily basis
  

The fine print:‍

• Coincheck Group previously suffered a half a billion dollar hack that compromised many of their customers digital assets and nearly caused the demise of their trading platform, before ultimately paying back all of their customers who were affected

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