Announcement of Subsidiary's Release
TOKYO, April 24, 2019 - Monex, Inc., a fully owned subsidiary of Monex Group, Inc., issued the following press release today.
Attachment: Summary of Monex, Inc. press release
Monex Points to be Exchanged to Cryptocurrencies
- Offering an opportunity to invest in cryptocurrencies in collaboration with Coincheck -
Contact: | Akiko Kato | Atsushi Demoto, Yuki Nakano |
Corporate Communications Office | Investor Relations, Financial Control Department | |
Monex Group, Inc. | Monex Group, Inc. | |
+81-3-4323-8698 | +81-3-4323-8698 |
This material is an English translation of a Japanese announcement made on the date above. Although the Company intended to faithfully translate the Japanese document into English, the accuracy and correctness of this English translation is not guaranteed and thus you are encouraged to refer to the original Japanese document. This translation was made as a matter of record only and does not constitute an offer to sell or to solicit an offer to buy securities in the U.S.
Press Release
Monex Points to be Exchanged to Cryptocurrencies
- Offering an opportunity to invest in cryptocurrencies in collaboration with Coincheck -
TOKYO, April 24, 2019 - Monex, Inc. (Headquarters: Minato-ku, Tokyo; Representative Director
and President: Yuko Seimei, hereinafter "Monex") announced effective 20:00 today (planned) that it would start a new service in which Monex Points can be exchanged for cryptocurrencies, in partnership with its group company Coincheck, Inc. (Headquarters: Shibuya-ku, Tokyo; Representative Director, Toshihiko Katsuya, hereinafter "Coincheck").
This is the first service in which the two companies will collaborate with each other.
Background
Monex, through hosting seminars and offering market reports related to cryptocurrencies, has been opening the door to start investing in cryptocurrencies to its customers. In order to create further opportunities, Monex decided to start a point exchange service, i.e. Monex Point to cryptocurrencies (Bitcoin, Ethereum, and Ripple), as the first service in collaboration with Coincheck.
Overview of the services
In exchange for Monex Points, customers will now be able to receive cryptocurrencies in their Coincheck accounts.
Every single Monex Point over 200 points. | |
Exchange Unit | One Monex Point equals one-yen worth of a cryptocurrency |
*Amount of cryptocurrencies receivable depend on the cryptocurrency rates | |
Customer | Customers with both comprehensive securities trading accounts in Monex as |
Eligibility | well as accounts in Coincheck. |
Go to MY PAGE to find, "Balance Outstanding and Account Management." | |
Application | Then click, "Monex Points," and click, "Use My Points." Select either |
"Cryptocurrency - Exchange to Bitcoin," or "Cryptocurrency - Exchange to | |
Ethereum," or "Cryptocurrency - Exchange to Ripple." | |
Cryptocurrencies | Three cryptocurrencies including Bitcoin, Ethereum, and Ripple are available |
Available | for exchange. |
How to | After ordering the exchange, the transaction will be reflected in the customer's |
Coincheck account. | |
Exchange | |
*Cancelation after the order is not possible. | |
Campaigns
With the launch of the new service, Monex will offer two kinds of campaigns between Wednesday, April 24, 2019, and Wednesday, July 31, 2019.
(1) Exchange points for cryptocurrencies! Get free 200 points with email address registration.
During the period of the campaign, all customers who register themselves for the first time to use the new service will receive 200 Monex Points.
(2)Open a new account and receive Monex Points.
During the period of the campaign, all customers who open a comprehensive securities trading account at Monex will receive 200 Monex Points.
Online Seminar: "Start Cryptocurrency Investment in the Era of Reiwa"
Monex will hold an online seminar starting at 19:00 on April 24, in which the firm will offer opportunities for participants to learn the current status and outlook of the cryptocurrency market. Anyone, including those who do not have Monex accounts, is welcome to participate in the seminar.
Monex will continue to offer "the Future of Money" with creativity that are based on new ideas and perspectives beyond the traditional framework as stated in the Monex Group's brand statement "For Creative Minds" launched in November 2018.
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About Monex Points:
Monex Points is a point program that can be accumulated depending on the volume of a customer's transaction of equities and mutual funds. Points can be used to pay equity transaction commissions, exchanged with the affiliated points of other companies, or exchanged for items including books.
Affiliate point program partners include ANA Mileage Club, JAL Mileage Bank, Eikyufumetsu (Everlasting) Points, WAON Points, T Points, nanaco Points, and others.
About Coincheck, Inc.
Name: Coincheck,Inc.
Headquarter: 3-28-13 Shibuya, Shibuya-ku, Tokyo
Establishment: August 28, 2012
Capital: 100 million yen
Name and title of the representative: President and Representative Director, Toshihiko Katsuya
Registration as cryptocurrency trading agency: Director of Kanto Local Finance Bureau No. 00014
Membership: Japan Virtual Currency Exchange Association, Japan Blockchain Association, Japan Cryptocurrency Business Association, Fintech Association of Japan, NPO Japan Network Security Association
Service Offering
Cryptocurrency Exchange, Coincheck, https://coincheck.com/exchange Coincheck Cryptocurrency Lending Services, https://coincheck.com/exchange Coincheck Denki (Electricity), https://coincheck.com/denki
Contacts: Maho Tsugawa
Public Relations Office, Monex, Inc. +81-3-4323-3981
This material is an English translation of a Japanese announcement made on the date above. Although the Company intended to faithfully translate the Japanese document into English, the accuracy and correctness of this English translation is not guaranteed and thus you are encouraged to refer to the original Japanese document. This translation was made as a matter of record only and does not constitute an offer to sell or to solicit an offer to buy securities outside Japan.
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Disclaimer
Monex Group Inc. published this content on 24 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 24 April 2019 02:07:06 UTC