Categories: CryptoNews

Coincheck Lets Users Buy The DAO Tokens With JPY

More and more exchange platforms have announced they will add support for trading tokens related to The DAO. Coincheck will be the first Japanese exchange to do so, and users will be able to transfer their funds later today.

The DAO Tokens Trading On Coincheck

Now that The DAO crowdsale will be coming to an end very soon, a lot of investors are looking to trade their tokens on cryptocurrency exchanges. Most people expect the value of this token to go up in price, although that may turn out quite differently regarding the new

security proposal we reported on earlier today.

Coincheck is one of the leading Bitcoin exchanges in Japan, and they have announced support for trading The DAO tokens as of today. There is a lot of money to be made by exchange owners when supporting this trading market, as there will be a lot of people looking to both buy and sell their tokens over the next few weeks.

Individuals who have been following this

Related Post
crowdsale will know today is the cut-off date for investing in the project. With close to US$150m collected during this sale process, there has been a lot of interest in The DAO. However, it is very likely a lot of tokens will be sold across exchanges in the first 72 hours as well.

Coincheck users will be able to buy The DAO tokens through JPY, similar to how the platform lets users buy Bitcoin and Ethereum. Credit card payments are not supported from day one, but they will be enabled shortly. But there is more, as Coincheck will be offering a complete The DAO token wallet solution as well, albeit it is advised to move these tokens to a user-controlled wallet at some point.

It is positive to see Japanese cryptocurrency exchanges continue their push to bring more positive attention to this ecosystem. Over the past few months, there has been a lot of exciting news coming out of Japan as far as Bitcoin and Ethereum are concerned. Coincheck will have a first-mover advantage by support The DAO tokens trading, and other changes are expected to follow this example.

Source: Press Release via Email

Images credit 1,2

If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Solana’s $3.2M Entrepreneur Story & BlockDAG’s $1 Potential

How Solana Transformed an Entrepreneur’s Life & Why BlockDAG Could Be the Next Millionaire Maker…

6 hours ago

SOL Market Cap Hits $100 Billion as Possible Infinaeon Long-Term Price Targets Surge

The SOL price has surged to well over $200 as its market capitalization exceeded $100…

11 hours ago

Binance Coin Whales Reap Big Profits as Polkadot Struggles; A New Crypto Presale Is Dominating Investor Attention

BNB is already flashing signs of a bearish sentiment despite launching a new stablecoin while…

13 hours ago

Three Crypto That Surprised The Market: Rollblock, Cardano, and XRP

The crypto market is no stranger to unexpected twists. However, the recent performances of Rollblock,…

13 hours ago

As Bonk (BONK) and Pepe (PEPE) Shine, Rollblock (RBLK) Captures the Market’s Attention With Upcoming Reveal

Meme coins are back with a bang and are as insanely volatile as ever! Bonk…

13 hours ago

2024’s Top 9 Crypto Staking Platforms to Make Passive Income

Staking has become one of the most effortless ways to generate passive income in the…

16 hours ago