RATE Group | Coincheck Owner Monex to Pay Out Dividends in Bitcoin to Shareholders
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Coincheck Owner Monex to Pay Out Dividends in Bitcoin to Shareholders

25 Sep Coincheck Owner Monex to Pay Out Dividends in Bitcoin to Shareholders

Posted at 11:43h in Bitcoin News by

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Japan’s financial giant Monex Group, owner of cryptocurrency exchange Coincheck, will be granting Bitcoin (BTC) as a mid-term shareholder benefit in 2019.

In addition to the existing shareholder benefits, the new dividends will be paid out to those who hold the company’s shares as of Sept. 30, 2019, as a mid-term shareholder benefit for the 2019 fiscal year, Monex Group announced in a press release on Sept. 24.

Coincheck account holders

For shareholders who hold Coincheck accounts, Monex Group will give the equivalent of 500 Japanese yen ($4.65) in Bitcoin, worth about 0.00055 BTC at press time. 

According to the statement, the company has not determined whether it will continue paying out cryptocurrency as part of shareholder benefits after March 31, 2020.

The new program will pay out crypto dividends to all Monex shareholders, regardless of how many shares they hold, but only to customers who have an account at Coincheck. The firm wrote in the announcement:

“Shareholders are…

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