Exchanges

30/10/18 07:14 UTC-4

Coincheck Cryptocurrency Exchange reported losses in the third quarter of 2018

Coincheck Exchange reported an increase in losses
Coincheck Exchange reported an increase in losses

Coincheck, the Japanese cryptocurrency exchange, reported an increase in losses in the 3rd quarter of this year, as reported in the report of the Monex Group parent corporation.

As it is known, in January 2018, the Coincheck Japanese crypto-exchange lost more than 520 million dollars due to hacking. For nine months, the platform situation has only deteriorated. The report of the Monex Group suggests that the level of profitability of the crypto-platform is 66% less than in the previous quarter.

Coincheck's total revenue for the period from July to September 2018 was about $ 2.8 million. Compared with the second quarter, revenue was $ 8.4 million. The loss rate of the company after hacking was: 5.25 million dollars for the third quarter; 2.3 million dollars for the second.

"Since the suspension of service in January 2018, Coincheck fully resumed operations and allowed existing customers to freely sell cryptocurrency" – Monex Group.

According to the Monex Group, the number of employees at the Coincheck Crypto Exchange has already exceeded one thousand people who are developing new, stronger security systems. According to CoinMarketCap, over the past few days, daily tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details
volume on Coincheck averages about $ 4 million.

Editor: Yuliya Soroka

See also: " Binance launched the first cryptocurrency exchanger in Uganda"

#Exchange #cryptocurrency #Coincheck #crypto exchange

Comments

Similar

Cryptocurrency
Exchanges
Mining
ICO, ІРО, STO
Hypes, funds, fiat money
Other