Share this article
Coincheck-Owner Monex Group Moves to Join Facebook Libra
Monex Group, the Japanese financial services company that owns the Coincheck crypto exchange, has applied to join Facebook's Libra project.
Updated Sep 13, 2021, 11:14 a.m. Published Jul 26, 2019, 9:00 a.m.
Monex Group, the Japanese financial services company that owns the Coincheck crypto exchange, has applied to join Facebook's Libra project.
According to a report from CoinDesk Japan, at the firm's Q2 results meeting today, Monex president Oki Matsumoto announced the plan to join the Libra stablecoin project alongside Facebook's other tentative partners such as Visa, Mastercard, Uber and eBay.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Companies are reportedly being asked to fork out up to $10 million for the privilege of being part of the consortium governing Libra. Earlier this week, Visa CEO Alfred F. Kelly, Jr. confirmed that, so far, the 28 members are not official partners yet, but have signed nonbinding letters of agreement.
Matsumoto said that the application will undergo a primary review at the end of the summer, and Monex will make a final decision on whether or not to join the Libra after that. He further pointed out that some major companies have got involved so far and that Libra has great potential.
According to Reuters Japan, he detailed that Libra offers "various possibilities," such as financial inclusion and international product sales, potentially bringing financial services such as loans to the unbanked.
Facebook Libra image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Tom Lee responds to controversy surrounding Fundstrat’s differing bitcoin outlooks
A debate on X over seemingly conflicting bitcoin forecasts from Fundstrat analysts drew a response from Tom Lee, highlighting differing mandates and time horizons.
What to know:
- X users flagged what appeared to be conflicting bitcoin outlooks from Fundstrat’s Tom Lee and Sean Farrell.
- Lee endorsed a post arguing the views reflect different mandates and time horizons, not internal disagreement.
- The episode highlights how public commentary can blur distinctions between short-term risk management and long-term macro views.
Top Stories
