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Coincheck

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Blockchain and crypto services for Japanese crypto enthusiasts

Coincheck is one of the largest cryptocurrency exchange and payment processors in Japan. Some media suggest that they are one of the biggest ones in the world. The company was launched in August 2014, with headquarter located in Tokyo, Japan. At the time of writing, the company claimed that it has more than 40 billion USD bitcoin transaction volume per month and has at least 99% market shares in Japan as a bitcoin and cryptocurrency payment processor.

Coincheck supports various cryptocurrencies, including but not limited to Ethereum, Ripple, Bitcoin, and many more. It also provides bitcoin-based payment and lending services for its customers. The company develops its own software that allows users to trade Bitcoin and other assets with ease. According to Crunchbase, Coincheck has raised a total of $30.8M in funding over 4 rounds. The last funding round was finished on November 28, 2017. It has four key investors, some of them are World Innovation Lab (WiL) and Ceros, Inc. Some notable team members of the project are Executive Director Koiichiro Wada and board members Kubori Hideaki.

Since it’s focused on Japan crypto market, the major pairs for cryptocurrencies available on the platform are JPY. Users can buy and sell crypto for as little as 500 JPY 24/7. They can transfer and deposit funds instantly, and use the Coincheck Trade View in the browser to trade Bitcoin with no transaction fees. It also supports block trades at favorable rates for large transactions.

The company promises various security systems to protect user funds, including but not limited to a cold wallet to store customers’ assets, 2FA-based login, and more. In addition to that, Coincheck also offers other features such as periodic purchases where users can automatically purchase crypto each month and lower timing risk in their investments, Coincheck Lending where users can loan their spare cryptocurrencies and grow their assets, Coincheck Payment, Coincheck Gas, Coincheck Denki, and more.

Categories

Exchanges, Payments

Location

Tokyo, Japan

Year founded

2012