Telecom giant KDDI to acquire 14.9% stake in Coincheck Group in $65 million deal
CoinDesk·
60-second summary
KDDI is acquiring a 14.9% stake in Coincheck Group for $65 million, solidifying a business alliance for revenue sharing, referral fees, and customer referrals to expand crypto access in Japan. This strategic partnership aims to increase adoption of digital assets in the country, leveraging KDDI's extensive network and Coincheck's expertise in cryptocurrency trading and services.
The companies signed a business alliance for revenue sharing, referral fees and customer referrals to expand crypto access in Japan.