In brief
- Japanese crypto exchange Coincheck plans to acquire French digital asset prime brokerage Aplo.
- Aplo’s founders will remain with the firm and continue expansion under Coincheck’s umbrella.
- The deal marks Coincheck’s latest effort to broaden institutional and retail offerings abroad.
Coincheck, one of Japan’s largest cryptocurrency exchanges, said Tuesday it plans to acquire French digital asset prime brokerage Aplo in a move designed to accelerate its expansion outside its home market. The deal, structured as a stock purchase agreement, is expected to close in October.
“As part of its business strategy, Coincheck Group is actively exploring potential opportunities to make acquisitions and strategic investments both inside and outside of Japan,” the company said in a statement.
Coincheck did not reveal the value of the deal or immediately respond to Decrypt for additional details.
Founded in 2014, Coincheck has grown into Japan’s most downloaded crypto tra
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Author: Callan Quinn
