Coincheck, Inc, a subsidiary of Monex Group, Inc, today announced that the “Coincheck Staking” service has surpassed 400,000 users.

Additionally, the cumulative amount of rewards paid to users since the launch of the staking service on January 31, 2025, has reached 1.7 billion yen.

The company offers “Coincheck Staking” for the cryptocurrency Ethereum (ETH). Users holding ETH on Coincheck can automatically receive staking rewards without any special procedures or applications. This seamless experience has become a new incentive for purchasing and holding ETH over the long term.

ETH is a cryptocurrency with a long history and proven track record, and at Coincheck, it is the second-most traded cryptocurrency after Bitcoin (BTC). The first transaction on the Ethereum blockchain was recorded on August 7, 2015, and Coincheck began offering ETH on its exchange seven months later, on March 14, 2016.