Monex’s Coincheck to expand crypto offering
Coincheck, Inc., a subsidiary of Monex Group, Inc., will expand its cryptocurrency offering via the addition of Polkadot. The launch is scheduled for September 1, 2022.
Polkadot may appear on the service screen prior to the start of offering, but no transactions will be possible until the official launch.
Coincheck says it will continue to add new cryptocurrency offerings, improve the usability of its services, and create new services with its corporate mission to make the exchange of new values easier.
Traders will be able to remit, deposit, purchasing and sell Polkadot via web browser and Coincheck’s mobile application. There will be a cryptocrrency lending service for Polkadot, as well as a periodic purchase service for Polkadot.
Polkadot (DOT) is a token used to operate Polkadot, a network protocol designed to achieve interoperability between different blockchains. Polkadot is the first project created by the Web3 Foundation, led by Ethereum co-founder Gavin Wood. Polkadot is expected to solve scalability problems, such as delayed remittances and high network fees, by allowing multiple transactions to be processed in parallel.