Coincheck’s margin reduction will come into effect from October 31, with new margin trading orders suspended effective immediately.
Investigators believe that, because of the malwares used, Russian hackers are likely to blame for the biggest theft in history.
Monex is hoping that, by adding digital assets through Coincheck, it can compete with some of the giants of the Japanese financial world.
The platform first made the announcement after the Bitcoin Cash (BCH) hard fork last year, but is now moving forward with payouts of any BSV holdings.
The Japan Virtual Currency Exchange Association announced the addition of five new crypto exchanges to their Type II member list, further solidifying their place as a self-regulating body.
Japanese cryptocurrency exchange Coincheck has been awarded a crypto license by the Financial Services Agency (FSA), according to reports.
The Japanese cryptocurrency exchange Coincheck is determined to operate normally with its deposit and withdrawal services have been restored.
Between July and September, Monex Group’s cryptocurrency business, which is entirely comprised of the Coincheck exchange, took in around $2.8 million. This is a 66% decline over what it reported for the previous quarter, which was approximately $8.4 million.
The Mt Gox effect is still being felt with trustees dumping thousands of BTC on the market and creating artificial depressions in price—much to the chagrin of the cryptocurrency investment community.
The online broker has reportedly offered an amount believing to run into “billions of yen for a majority stake” in the beleaguered cryptocurrency exchange.