Crypto:
29856
Bitcoin:
$67.911
% 1.95
BTC Dominance:
%52.9
% 0.21
Market Cap:
$2.53 T
% 1.90
Fear & Greed:
76 / 100
Bitcoin:
$ 67.911
BTC Dominance:
% 52.9
Market Cap:
$2.53 T

Monex Group to Acquire Majority Stake in 3iQ Digital Holdings!

Monex Group

Monex Group will acquire a majority stake in 3iQ Digital Holdings for $39.8 million in a strategic move to expand its services in the cryptocurrency asset management space. The move is seen as a response to the growing popularity of cryptocurrencies and aims to solidify Monex’s leadership in the global market.

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According to Monex Group, the acquisition will strengthen the institution’s asset management business and increase interest in cryptocurrencies. Japan is known as a crypto-friendly country, and this agreement aims to strengthen the country’s leadership.

As interest in cryptocurrencies has grown following the industry crashes of last year, Monex’s move aims to increase institutional investor confidence. The company operates an online brokerage and cryptocurrency exchange in Japan, providing customers with a secure environment.

TD Cowen is advising Monex, while Cinaport Capital is advising 3iQ. This strategic collaboration aims to increase the capacity to effectively provide asset management and cryptocurrency services in the financial market.


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