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

Qubetics Presale Skyrockets to $7.5M as XRP and Arbitrum Lead Best Altcoins for Exponential Returns

The crypto market is always evolving, with big names like Bitcoin and Ethereum leading the…

7 mins ago

Over 300K Users Actively Mine Crypto On BlockDAG’s X1 Miner App While BNB Bulls Eye $3K; What’s XRP’s Price Target?

The crypto market is ablaze with excitement as altcoins like XRP and BNB make major…

22 mins ago

Best Crypto Presale To Buy Now: Rollblock Delivers For Holders With New License, Record Sign Ups and 7000+ Games

Rollblock is quickly becoming the best crypto presale to buy, delivering unmatched value for its…

4 hours ago

Polkadot And Uniswap Gearing For Post-Christmas Jump As Rollblock Raises $7.4 Million in Presale

While Rollblock's continues its crypto presale, with its value increasing regularly, Polkadot (DOT) and Uniswap…

5 hours ago

IntelMarkets (INTL) Receives Massive Demand From Chainlink And SUI Investors Looking To Position For The Best Bull Run Gains

As the cryptocurrency market gears up for a bull run, IntelMarkets (INTL) is attracting significant…

5 hours ago

FOMO Selling Trigger $1 Billion Liquidations as LINK & SOL Bleed Heavily; What to Do Next?

In the past, Chainlink (LINK) and Solana (SOL) have been among the most discussed altcoins…

10 hours ago