Cryptocurrency Short News

Coincheck To Launch IEO To Raise Funds Via Utility Tokens

Coincheck, Japanese cryptocurrency exchange, revealed on Thursday, its intention to launch an initial exchange offering (IEO) platform. This is basically to raise funds through utility tokens. Coincheck suffered a $530 million hack in January 2018. Also, the Japanese online brokerage Monex Group acquired it for $33.5 million in April of that year. 

IEO is gaining attention and ensures more reliability as a method of securing funds. Already 12 cryptocurrency exchanges, including OKEx, Huobi, and Bittrex, have announced their IEO platforms this year, and 39 projects have already participated in an IEO.

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Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

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