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Cryptocurrencies

Monex Group announces it will buy Coincheck for $33mn

Japanese financial group plans to take offensive in cryptocurrency business

Monex Group plans to spend 3.6 billion yen to buy cryptocurrency exchange Coincheck, which was hit by a high-profile digital money theft in January.

TOKYO -- Japanese online brokerage Monex Group announced on Friday it will acquire Coincheck, the cryptocurrency exchange recently in the news because of a large theft by hackers, for 3.6 billion yen ($33.59 million).

Monex will obtain all the shares of Coincheck on April 16. With the acquisition, Monex Group aims to take the offensive in cryptocurrency business.

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