RATE Group | FX giant Monex are to pay their dividends in Bitcoin
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FX giant Monex are to pay their dividends in Bitcoin

FX giant Monex are to pay their dividends in Bitcoin

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Probably not the best timing (Bitcoin crash) but Monex who own Coincheck have announced they will be paying their shareholder dividends in Bitcoin.

The Japanese financial firm will be paying the benefit to existing shareholders and investors who hold company shares as of Sept. 30, 2019.

The company is said to be driven by the increasing “aspiration” to extend into the cryptocurrency industry. The Investors will receive the equivalent of 500 yen ($4.66) in BTC as a benefit for their shares, In the press releases Monex commented:

Responding to increasing aspiration for building assets in cryptocurrencies, the Company has decided to grant 500-yen equivalent cryptocurrency BTC to those shareholders who hold Coincheck accounts, which are operated by the company’s subsidiary Coincheck, Inc.

Shareholders are required to open accounts in Coincheck and complete the application in the ‘Shareholder Benefit Application Site’ by 11:59 p.m. on March 31, 2020…

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