Japanese Crypto Exchange Coincheck Sees Nasdaq Listing Completion in Second, Third Quarters

As a researcher with experience in the cryptocurrency and financial markets, I’m keeping a close eye on the latest developments regarding Coincheck’s planned listing on Nasdaq through a merger with Thunder Bridge Capital Partners IV. The delay in this deal, which was initially announced over two years ago in March 2022, is a cause for concern.

Japanese cryptocurrency exchange Coincheck is anticipated to finish its listing on Nasdaq through a merger with special purpose acquisition company (SPAC) Thunder Bridge Capital Partners IV (THCP) during the second or third quarters.

The timeline for this project is contingent upon the affirmation of Thunder Bridge IV’s shareholders, the US Securities and Exchange Commission (SEC), and Nasdaq in Tokyo by Coincheck. (announcement made on Wednesday)

I analyzed the company’s merger announcement, which took place in March 2022. Initially, the plan was to finalize the deal in the second half of that year. However, the target date was later pushed back to July 2023. The timeline was further extended by up to an additional 12 months.

After the merger is finalized, the Dutch company will adopt the name Coincheck Group and commence trading on the Nasdaq Global Select Market using the symbol “CNCK.” With this move, Coincheck Group will become the second cryptocurrency exchange to be publicly listed in the United States, following in the footsteps of Coinbase (COIN).