Coincheck to acquire digital asset manager 3iQ in $112M stock deal
Coincheck, a prominent cryptocurrency exchange based in Japan, has announced its plan to acquire digital asset manager 3iQ in a stock deal valued at $112 million. This acquisition aims to enhance Coincheck's offerings and expand its presence in the digital asset management space. 3iQ is known for its expertise in managing cryptocurrency funds and has a strong track record in the industry. The deal is expected to close in the coming months, subject to regulatory approvals. This move reflects the growing trend of consolidation in the cryptocurrency sector as firms seek to diversify and strengthen their market positions.
Read the full article: Coin Telegraph