Japan's Monex Gets a Taste of How Volatile Crypto Can Be
Monex Group Inc., which may buy a troubled cryptocurrency exchange, got a first-hand taste of how volatile its next purchase can be.
When the Japanese online retail broker said yesterday it’s mulling the acquisition of Coincheck Inc., its shares surged by a record 23 percent to a four-year high. Then today, the stock declined as much as 8 percent.
More than 1.5 billion Monex shares changed hands in two days, as the daily volume of each session was more than 2,000 times the 30-day average.
