Bitcoin bet sparks rally at Japan’s most expensive brokerage
(Bloomberg) – Japanese financial firm is riding the crypto wave like no other. Shares of Monex Group Inc. have followed Bitcoin’s ups and downs and have more than tripled since the cryptocurrency rally has gained momentum in October. The online brokerage firm owns the crypto exchange Coincheck Inc., whose profits have skyrocketed as customers flock to digital assets. “People are starting to reassess us” realizing that Monex is not just about brokerage, said CEO Oki Matsumoto. “Our action was initially underestimated,” said the former partner of Goldman Sachs Group Inc. in an interview in February….
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