Real-time cryptocurrency
news aggregator

Japanese Crypto Exchange Coincheck Resumes Trading in XRP and FCT

Published 6 months ago by Siamak Masnavi

Japanese Crypto Exchange Coincheck Resumes Trading in XRP and FCT

CryptoGlobe via

On Monday (26 November 2018), the Japanese financial services company Monex Group, the owner of the Japanese crypto exchange Coincheck, announced that the exchange had now resumed trading of XRP and FCT. Coincheck, which according to CNBC, lost around 523 million NEM tokens (worth approximately $534.8 million at the time) in an attack that occured on 26 January 2018, was acquired by the Monex Group on 6 April 2018. Back in April, Monex's press release explained how the company hoped to help Coincheck provide a much more secure environment for the exchange's customers: "We aim to build a secured business environment for customers by fully backing up Coincheck's enhancement process.

Specifically, we will maximize the use of our expertise and human resources of business administration, system risk management, and customer asset protection system that we have cultivated since the establishment in the online securities industry. We will support Coincheck to provide secure environment to customers and to grow sustainably as a socially valuable cryptocurrency exchanger." Today's press release from Coincheck said that the exchange had "resumed depositing and purchasing services for XRP and FCT.".

It explained that: "Coincheck had suspended certain services in order to protect the integrity of customers' assets and to investigate the cause of the breach to its system on January 26, 2018." "Since then, Coincheck had been working to improve its management structure and internal control by carrying out business improvement plans." Furthermore, it said that, as of today, the following services were available: "New account openings (Domestic residents only)" "Depositing , purchasing , remitting and selling cryptocurrencies"; (BTC, ETH, ETC, LTC, BCH, XEM, LSK, FCT, and XRP) "Depositing and withdrawing JPY" "Making settlements and margin deposits/withdrawals on existing leveraged lending service" At press time, according to data from CryptoCompare, XRP is trading at $0.3436 (down 0.26% in the past 24-hour period). Coin spectator is an automated news aggregation service. All copyrights belong to their respective owners. Images and text owned by copyright holders are used in reference to and promotion of those respective parties. Read in Full

Bitcoin Price Analysis – March 8

Yesterday, March 7, I said the price of bitcoin might rise if it breaks the resistance level of $10,600 because it was hovering above $10,500. And I said again that traders could take a long order ... Read More

Crypto Roundup - 8 March 2018

The MVIS CryptoCompare Top 100 Index has dropped 10.67% in the last 24 hours to 4,459.38 The vice president of Venezuela, Tareck El Aissami, announced during the National Council for Productive Ec ... Read More

Binance Liquidates User’s Altcoin Holdings Due To Unknown Issue

Binance, one of the biggest cryptocurrency exchanges in the world, is currently dealing with a problem, as it’s liquidating user’s altcoin balances at market price, without warning them or getting ... Read More

Crypto Markets Collapse: Binance, BitMEX, SEC & Japan FUD

However, the cause for the drop is unclear and speculation over Japanese regulatory clampdown, Binance hack/rogue trading bot, BitMEX downtime and a recent SEC announcement. Worries over security a ... Read More

Merriam-Webster Adds 'Cryptocurrency' And 'Initial Coin Offering' To Dictionary

America's most trusted online dictionary for English words, Merriam-Webster, adds more than 800 words in their dictionary. Acknowledging the recent trends in technology and finance sector, the dict ... Read More