Major Japanese Finance Firm Monex Group to Expand Business in the U.S. in 2019

TradeStation Group, Inc., a
subsidiary of the major Japanese internet securities firm Monex Group, Inc.,
will enter the cryptocurrency market in the United States in 2019 through
TradeStation Crypto, Inc., its own subsidiary.

TradeStation Crypto announced that
it plans to provide an online intermediary service for cryptocurrency traders
and investors; the company expressed enthusiasm in contributing to
strengthening the ecosystem for the cryptocurrency market, using TradeStation’s
specialized knowledge in securities and futures intermediation.

TradeStation Crypto began offering
real-time market data from the online securities firm TradeStation Securities,
Inc. in indices for BTC sourced by Cboe Global Markets, Inc. and CME Group
Inc. in 2017. The company has been providing support for market data and order
execution after CME and Cboe brought BTC futures to market.

The Monex Group also turned
Coincheck, one of Japan’s major cryptocurrency exchanges, into a full
subsidiary last year. Japan’s Financial Services Agency implemented revisions
to the Payments Services Act in April 2017, introducing a registration system
for unregulated cryptocurrency exchange providers. Coincheck was in the
registration process for a while, operating as a “quasi-operator” before it
became subject to a hacking incident last year, in which enormous amounts of
cryptocurrency were stolen from the exchange. Coincheck was then transformed
into the Monex Group’s subsidiary and received improvements to its internal
control system, completing the process to become a registered cryptocurrency
exchange operator last week. The Coincheck exchange is expected to fully reopen
in 2019.

*This article was written by Fisco

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