Coincheck 加入纳斯达克，成为美国第二家公共加密货币交易所

日本加密货币交易所Coincheck计划通过与SPAC Thunder Bridge Capital Partners IV合并在纳斯达克上市，成为继Coinbase之后第二家在美国上市的交易所。 Coincheck 通过 SPAC 上市的决定凸显了投资者对加密货币交易所日益增长的兴趣，但也由于许多 SPAC 在公开市场上的表现不佳而引发了担忧。

Coincheck Poised to Join Nasdaq as Second Publicly Listed Crypto Exchange in the US

Coincheck 准备加入纳斯达克，成为美国第二家公开上市的加密货币交易所

In a groundbreaking move, Japanese cryptocurrency exchange Coincheck is set to join Coinbase as one of the two publicly listed crypto exchanges in the United States. The much-anticipated listing on the Nasdaq is expected to be completed by the second or third quarter of this year through a partnership with special purpose acquisition company (SPAC) Thunder Bridge Capital Partners IV (THCP).

日本加密货币交易所 Coincheck 将加入 Coinbase，成为美国两家公开上市的加密货币交易所之一，这是一项开创性举措。通过与特殊目的收购公司（SPAC）Thunder Bridge Capital Partners IV（THCP）的合作，备受期待的纳斯达克上市预计将于今年第二或第三季度完成。

Upon the merger's completion, Coincheck Group BV will undergo a name change to Coincheck Group NV and commence trading on the Nasdaq under the ticker symbol CNCK. The company has already taken the necessary steps by submitting a confidential registration statement, Form F-4, to the US Securities and Exchange Commission (SEC) on May 7.

合并完成后，Coincheck Group BV 将更名为 Coincheck Group NV，并开始在纳斯达克交易，股票代码为 CNCK。该公司已采取必要措施，于 5 月 7 日向美国证券交易委员会 (SEC) 提交了一份保密注册声明 F-4 表格。

SPAC Route to Public Listing

SPAC 公开上市途径

By utilizing a SPAC, Coincheck will bypass the traditional initial public offering (IPO) process adopted by Coinbase. SPACs, already public companies, essentially invest in or merge with private companies to bring them to the public market.

通过利用 SPAC，Coincheck 将绕过 Coinbase 采用的传统首次公开募股 (IPO) 流程。 SPAC 已经是上市公司，本质上是投资或与私营公司合并，将其推向公开市场。

However, Coincheck's decision to go public via a SPAC has raised some concerns among investors, considering the dismal performance of most SPACs in the public market. Statistics reveal that in 2023, at least 21 firms that merged with SPACs to go public subsequently declared bankruptcy. Companies going public via SPACs have also experienced significant valuation declines, leading to investor losses amounting to $46 billion.

然而，考虑到大多数 SPAC 在公开市场上的惨淡表现，Coincheck 通过 SPAC 上市的决定引起了投资者的一些担忧。统计数据显示，2023年，至少有21家通过SPAC合并上市的公司随后宣布破产。通过 SPAC 上市的公司估值也大幅下降，导致投资者损失高达 460 亿美元。

Coincheck's Strong Position in Japan

Coincheck 在日本的强势地位

Despite these concerns, Coincheck remains a force to be reckoned with in the Japanese crypto landscape. With a solid reputation built over nearly a decade of operation, the exchange boasts 1.98 million verified users. Coincheck's strong foothold in Japan adds to its appeal as a potential investment opportunity.

尽管存在这些担忧，Coincheck 仍然是日本加密货币领域不可忽视的力量。该交易所凭借近十年的运营建立的良好声誉，拥有 198 万验证用户。 Coincheck 在日本的牢固立足点增加了其作为潜在投资机会的吸引力。

Navigating US Regulatory Landscape

浏览美国监管环境

Coincheck's public listing ambitions come at a time when the SEC is ramping up its regulatory scrutiny of the burgeoning crypto industry. In the past month, the financial watchdog has issued Wells Notices to major crypto firms such as Consensys, decentralized exchange Uniswap, and Robinhood's crypto division for alleged violations of local securities laws.

Coincheck 的公开上市计划正值 SEC 加强对新兴加密行业的监管审查之际。在过去的一个月里，金融监管机构向 Consensys、去中心化交易所 Uniswap 和 Robinhood 的加密部门等主要加密公司发出了 Wells 通知，指控其违反当地证券法。

SEC Chair Gary Gensler has repeatedly emphasized that most cryptocurrencies qualify as securities tokens and lack the necessary disclosures to safeguard investors.

SEC 主席加里·根斯勒 (Gary Gensler) 一再强调，大多数加密货币都符合证券代币的资格，但缺乏必要的披露来保护投资者。

Despite the regulatory headwinds, Coincheck remains determined to establish a strong presence in the US market. The exchange is well-positioned to leverage its expertise and reputation to navigate the evolving regulatory environment and contribute to the growth of the crypto ecosystem in the United States.

尽管面临监管阻力，Coincheck 仍然决心在美国市场建立强大的影响力。该交易所处于有利位置，可以利用其专业知识和声誉来应对不断变化的监管环境，并为美国加密生态系统的发展做出贡献。

Conclusion

结论

Coincheck's upcoming Nasdaq listing is a significant milestone not only for the exchange but also for the crypto industry as a whole. As the second publicly listed crypto exchange in the US, Coincheck will bring added legitimacy and credibility to the sector. However, investors are urged to proceed with caution and consider the potential risks associated with SPAC investments. As the SEC continues to tighten its grip on the crypto industry, it remains to be seen how the regulatory landscape will shape the future of Coincheck and other crypto exchanges operating in the United States.

Coincheck 即将在纳斯达克上市不仅对于该交易所而且对于整个加密行业来说都是一个重要的里程碑。作为美国第二家公开上市的加密货币交易所，Coincheck 将为该行业带来更多的合法性和可信度。不过，投资者应谨慎行事，并考虑与 SPAC 投资相关的潜在风险。随着 SEC 继续加强对加密货币行业的控制，监管环境将如何塑造 Coincheck 和在美国运营的其他加密货币交易所的未来仍有待观察。