Crypto Exchange Coincheck plans to list on Nasdaq in July 2023, via a merger with special purpose acquisition company (SPAC) Thunder Bridge Capital Partners IV. The move is aimed at expanding the company's crypto asset business by gaining exposure to global investors and accessing the U.S. capital markets.
Coincheck is a cryptocurrency exchange that was founded in 2014. It is based in Tokyo, Japan and is one of the leading exchanges in the country. It offers trading in a number of different cryptocurrencies, as well as Japanese yen. Coincheck is one of the first exchanges to offer margin trading in Bitcoin and Ethereum. It also has one of the lowest fees of any exchange, at just 0.05%. Coincheck is among Japan's largest crypto exchange, with a 27% market share, according to SEC filings. The company currently serves 1.75 million account holders and offers trading of 18 different coins.


Mergers with SPACs have been a popular way for firms to list on public markets in recent years, accounting for more than half of all initial public offerings in 2020-2021. However, the slump in the crypto market in recent months has prevented some SPACs from coming to fruition.
Source SEC.gov