Coincheck Resumes Deposits and Purchases for XRP and FCT

Coincheck Inc, a subsidiary of the Japanese financial services giant Monex Group, announced this Monday that it has added two further Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term to its digital asset exchange - Ripple (XRP) and Factom (FCT).

With this move, Coincheck has now completely resumed its depositing and purchasing services for all tradable cryptocurrencies on the cryptocurrency exchange since they were canceled in January.

At the beginning of this year, Coincheck made headlines when it was hacked and had more than $500 million in digital NEM tokens stolen. Following the hack, the cryptocurrency exchange suspended mostly all of its services.

However, since January, the exchange has been gradually reintroducing its services. In February, it resumed withdrawal in Japanese yen (JPY), and it slowly began the remitting and selling of cryptocurrencies between March to June of this year.

In the past month, the cryptocurrency exchange has been adding services at a quicker pace. Towards the end of October, Finance Magnates reported that the exchange was allowing customers to open new accounts and deposit the following cryptocurrencies – Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term (BTC), Ethereum Classic (ETC), Litecoin (LTC) and Bitcoin Cash (BCH). Then, in mid-November, it added Ethereum (ETH), NEM (XEM) and Lisk (LSK).

Coincheck is Preparing to Resume Further Services

The firm also announced today, that it is currently preparing for the resumption of further services. This includes leveraged transactions for new positions, affiliate service, JPY depositing through convenience stores, JPY quick depositing (Pay-easy), Coincheck Payment and Coincheck DENKI (electricity).

According to the statement released this Monday, the services will only be reintroduced after the cryptocurrency exchange receives confirmation of the technical safety of the products and platform from external experts.

This is, of course, to prevent a repeat of January’s events which caused a wave of financial difficulties for the company, opening the doors for the Monex Group to acquire the firm, which was confirmed in April.