Odaily News According to the Q4 financial report released by Japanese cryptocurrency exchange Coincheck last year, revenue for the quarter jumped to US$782 million, a 75% increase from the previous quarter ($447 million).
Despite strong revenue growth and a 72% increase in customer assets, the exchange reported a net loss of $98.1 million, mainly due to $751 million in sales and other administrative expenses.
Gary Simanson, CEO of Amsterdam-based Coincheck parent Coincheck Group, attributed the strong earnings report to a “successful merger” with blank-check firm Thunder Bridge Capital last December.
After the merger was completed on December 11, Coincheck's common stock and warrants began trading on the Nasdaq exchange in the United States, with the stock symbols CNCK and CNCKW respectively. (Cointelegraph)