Monex Shareholders to Receive BItcoin As Year-End Benefit; A Step Towards Adoption

The Tokyo-based financial service company Monex, which is also behind the crypto exchange Coincheck, has made an announcement on March 23 that it will give its shareholders Bitcoin (BTC) as a gift for the 2019 benefit.

It looks like the shareholders will get BTC worth 500 yen ($4.53) as of this month’s last day, plus the existing shareholder benefit. Only those who own a Coincheck crypto wallet account will receive the BTC gift. Here’s what was further mentioned about the event and its recurrence:

“Please note that it has yet to be determined whether granting the cryptocurrency BTC as a part of shareholder benefits will continue for the fiscal year 2020 and after.”

BTC in Addition to Monex Points

As said earlier, the BTC will come as an addition to the already existing Monex points benefit. It should be noted that in April 2019, it was also announced that Monex Points can be exchanged with cryptocurrency. As a matter of fact, Monex decided to give shareholders that have Coincheck accounts BTC valued at 500 yen ever since September 2019, when the interest in cryptocurrency spiked.

As a matter of fact, Monex was in the news back in February this year, with its efforts to enter the crypto industry and for participating to a $16.7 million funding round for CoolBitX. Furthermore, in November 2019, the US Monex subsidiary Tradestation made the announcement of a crypto brokerage platform launch taking place with the help of the Trade Station Crypto division.

Monex’s Home Country Highly Efficient as Far as Crypto and Blockchain Adoption Goes

Japan, which is where Monex is based, as mentioned earlier, is one of the most advanced countries in the world when it comes to adopting and regulating both blockchain and crypto. Only a week ago, the Japanese Sumitomo Mitsui Trust Bank, the Brokerage SMBC Nikko Securities company and the trading firm Mitsui & Co. have announced their collaboration with LayerX, a blockchain startup, to create a blockchain-based assets company named Mitsui & Co. Digital Asset Management.

More than this, the financial arm of the automotive giant Toyota also talked about a blockchain-based platform for vehicles and IDs, project in which the Toyota Blockchain Lab is obviously very involved.

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