Monex acquires 3iQ majority for crypto-asset integration
Japanese financial group Monex is set to acquire a major ity stake in Canadian digital asset manager 3iQ. The acquisition continues a trend of major crypto exchanges venturing into asset management. Monex, which owns TradeStation in the U.S. and acquired Coincheck in 2018, has not disclosed the deal’s financial details. We have some relevant M&A news north of the border. Canadian crypto ETF provider — @3iq_corp selling a major ity stake to Monex Group https://t.co/FnkWKw1rKx — James Seyffart (@JSeyff) December 28, 2023 You might also like: Cathie Wood hints at spot Bitcoin ETF approval date 3iQ gained prominence for its Bitcoin ETF listed in Canada, being among the first to introduce such a fund in 2020. Despite reaching $755 million in assets shortly after launch, it has since settled at around $100 million. 3iQ broke new ground by integrating staking capabilities within an Ethereum ETF, showcasing innovation in digital asset management. In 2022...