Coincheck adds NEM and Qtum to periodic purchases


On June 9, Japan’s leading cryptocurrency exchange, Coincheck, started handling new cryptocurrencies, NEM and Qtum, in Coincheck periodic purchases. In addition, it raised the maximum amount of periodic purchases (sum of periodic purchases in each cryptocurrency) from 100,000 yen to one million yen.


Coincheck periodic purchases let users automatically perform the process from depositing Japanese yen to purchasing cryptocurrencies. After starting Bitcoin services in November 2019, Coincheck added seven altcoins, namely Ethereum (ETH), Ripple (XRP), Ethereum Classic (ETC), Lisk (LSK), Litecoin (LTC), Bitcoin Cash (BCH), and Stellar (XLM), in April 2020.


With the addition of NEM and Qtum, both of which have been strongly requested by customers, the number of currencies available reached 10. Coincheck is said to provide services in order to help customers build long-term assets that match their investment styles by increasing the number of currencies available and raising the maximum amount of periodic purchases.


On June 8, Coincheck also announced that it had begun considering introduction of the SaaS Shareholder Meeting Support Service. As part of this development, Coincheck stated that it had opened a support desk on the same day to handle inquiries from companies interested in holding virtual shareholder meetings.


The new service will let shareholders attend, vote, and participate in Q&A sessions of shareholder meetings online. Plans are underway to begin offering this service during FY2020. With virtual shareholder meetings, attendees can not only listen to a shareholder meeting online but can also participate in an equal and fair manner. Coincheck also stated that virtual shareholder meetings hold promise for reducing venue and other expenses, as well as burdens associated with managing a meeting on-site.


In the future, Coincheck plans to incorporate blockchain technology into this new service in order to eliminate the risk of vote tampering.


*This article was written by FISCO.