Japan's Monex finds out how life is on the other side
It's not the first time something like this has happened. If you need a refresher, here was a post back in December with something similar.
The case in hand was reported yesterday as Japan's online securities brokerage firm Monex is said to be mulling the decision to buy Coincheck - in a deal that could be valued at several billion yen.
And despite the hacking incident suffered by Coincheck earlier this year, just about any association with cryptocurrencies appears to be a positive one in the view of investors as shares of Monex jumped 23% in yesterday's trading - hitting the daily limit.
But today, the price of Monex shares is literally jumping up and down and is currently lower by 4% on the day. While Monex hasn't reached the point where they will make a formal offer yet, they've already gotten a taste of the volatility of their potential next purchase.
