Japanese Coincheck will launch a platform for the initial exchange offers

Japan's leading bitcoin exchange Coincheck has announced plans to launch a platform for conducting initial exchange offerings (IEO), which will be designed to help companies raise funds through the sale of utility tokens. About it writes The Block with reference to the statement of the exchange.

Representatives of the Japanese company noted that IEO as a form of raising capital is attracting increasing attention. The new offer of the exchange will be aimed at companies that already have products and want to expand their business, as well as projects that have not yet raised funds through tokensales.

At the same time, Coincheck representatives emphasize that only those companies that offer so-called utility tokens will have access to the platform, since security tokens are covered by the Japanese Financial Instruments and Exchanges Act.

To date, 12 cryptocurrency exchanges, including Binance OKEx, Huobi, and Bittrex, have launched platforms for IEO, and 39 different projects have run their campaigns.

At the same time, according to a recent TokenInsight study , the hype in this segment peaked in May and is gradually disappearing.

Recall that in January 2018, Coincheck was hacked, as a result of which it lost more than $ 500 million. A few months later, the exchange became the property of the online broker Monex. In June, the Japanese press reported that Russian hackers were involved in this largest hacking in the history of the crypto industry.

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