Coincheck

Coincheck

Founded	Tokyo, Japan (August 2014)
Headquarters	Tokyo, Japan
Area served	Japan and some countries
Founder(s)	Koichiro Wada Yusuke Otsuka
Products	Bitcoin exchange and wallet service
Website	Official website

Coincheck is a bitcoin wallet and exchange service headquartered in Tokyo, Japan, founded by Koichiro Wada and Yusuke Otsuka. It operates exchanges between bitcoin/ether and fiat currencies in Japan, and bitcoin transactions and storage in some countries worldwide.^[1][2][3]

History

Coincheck started in August 2014 and is operated by ResuPress, inc (founded in 2012). As of Augest 2016, the exchange had over $160 million transactions/month.^[4][5][6] At this time there were more than 2,200 merchants using their bitcoin payment solution just in Japan.^[7] Also, Coincheck is a member of JBA(Japan Blockchain Association) and is actively helping to build the Japanese Bitcoin community’s usage standards with the government.

In March 2016, the entertainment company DMM.com with user-base of more than 19 million decided to use Coincheck's bitcoin payment processing solution.^[8] Coincheck also partnered with SEKAI to support Chinese, Hong Kong, and Taiwan investors to buy Japanese real estate with bitcoin.^[9][10] The company also supports buying/selling of ether,^[11] DAO,^[12][13] LISK,^[14][15] and Ethereum Classic.^[16]

Products

Coincheck has four core products: an exchange for trading bitcoin/ether and fiat currency, a wallet for bitcoin storage and transactions, an API for developers and merchants to build applications and accept bitcoin payments, and donation-based bitcoin crowdfunding.^[17] The company offers buy/sell trading functionality in a majority of countries while the wallet is available worldwide.

The exchange can be funded through a bank transfer, wire or credit cards.^[18] Coincheck trades on the exchange have a maker/taker price model in which traders pay either a 0.15% fee (taker) or -0.05% (maker) to execute trades.^[19][20]

References

1. "大塚雄介 | ブロックチェーンでどんな未来をつくれるかを、ずっと考えている « INNOVATION INSIGHTS". INNOVATION INSIGHTS (in Japanese). Retrieved 2016-03-22.
2. Sugimoto, Jun. "ビットコイントレーダー向けのダッシュボード「coincheck tradeview」、レジュプレスが提供". TechCrunch Japan. Retrieved 2016-03-22.
3. "Japan's Coincheck Launches Consumer-Focused Bitcoin Exchange". CoinDesk. Retrieved 2016-03-22.
4. Suberg, William. "Coincheck: Japan 'Treating BTC as Currency' - Bitcoin News". Bitcoin News. Retrieved 2016-03-22.
5. "Japanese Exchange Doing 3 Billion Yen a Month » Brave New Coin". bravenewcoin.com. Retrieved 2016-03-22.
6. "Interview with Kaga Kawabata of Coincheck- Bitcoin Exchange Japan". www.bitconnect.co. Retrieved 2016-03-22.
7. "ビットコイン決済の導入社数が1000社を突破--「coincheck」のレジュプレス". CNET Japan (in Japanese). Retrieved 2016-03-22.
8. Suberg, William. "Japanese Entertainment Giant DMM Accepts Bitcoin - Bitcoin News". Bitcoin News. Retrieved 2016-03-22.
9. Okuma, Nozomi. "coincheckが国際間の不動産売買にもビットコイン決済を提供開始". TechCrunch Japan. Retrieved 2016-03-22.
10. "马桶盖已经out了，Coincheck教你用比特币在日本买房子_巴比特_比特币新闻资讯_比特币今日价格". www.8btc.com. Retrieved 2016-03-22.
11. Suberg, William. "Coincheck Integrates Ether Amid Continued Optimism - Bitcoin News". Bitcoin News. Retrieved 2016-03-22.
12. "Coincheck Lets Users Buy The DAO Tokens With JPY". Retrieved 2016-08-10.
13. "DAO Makes Its Way Into Japan". Retrieved 2016-08-10.
14. "Coincheck Becomes First Japanese Exchange To Support Lisk". Retrieved 2016-08-10.
15. "Japanese bitcoin exchange, coincheck add new cryptocurrency, LISK : JFToday" (in Japanese). Retrieved 2016-08-10.
16. "New Feature: Buy and sell Ethereum Classic | coincheck". Retrieved 2016-08-10.
17. "Donation-based bitcoin crowdfunding platform "coincheck donations" is launched - coincheck Blog". Coincheck. Retrieved 2016-03-22.
18. "Coincheck Bitcoin Exchange | coincheck（コインチェック）". coincheck（コインチェック） (in Japanese). Retrieved 2016-03-22.
19. "Coincheck Fees". 2015.
20. "Coincheck Starts Offering Market Maker Commission Campaign". CoinDesk. Retrieved 2016-03-22.