Coincheck, a subsidiary of Monex Group, Inc. (TYO:8698), today unveiled its plans to start offering trading of Enjin Coin (ENJ) on January 26, 2021. Coincheck will be the first domestic cryptocurrency exchange for trading Enjin Coin.

Coincheck is focusing on expanding the number of cryptocurrency offerings as one of the important strategies for its business expansion. Currently, its offering includes 14 types of cryptocurrencies. The company says it will continue to add new cryptocurrency offerings, improve the usability of its services, and create new services with a mission to make the exchange of new values easier.

Enjin Coin is an Ethereum-based cryptocurrency used to directly back the value of blockchain assets created with “Enjin Platform.” Enjin Coin can be used to purchase and issue digital assets, NFTs (non-fungible tokens), in the platform. It also features a “melt” function that allows owners to melt their digital assets back into Enjin Coin when they are no longer needed.

“Enjin Platform” is linked to 35 games for the issuance of NFTs, including Microsoft’s popular game, “Minecraft.” As more game titles are linked to the platform, Coincheck expects the use and value of Enjin Coin to increase.