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Cryptocurrency Exchange

Japanese cryptocurrency exchange Coincheck enables Tokens: Ripple, Factom

Previously hacked crypto exchange platform Coincheck has added two more cryptocurrencies which are Ripple (XRP) and Factom (FCT).

Post a horror incidence of a hack, Coincheck was acquired by Monex Group which is an Internet broker. The hack was as large scale as $33.5 million. Notably, after the hack, the cryptocurrency exchange suspended mostly all of its services.

The buyer Monex Group has performed remedial measures and security improvements on coincheck form months. The announcement of addition of these tokens was also made by Monex Group.

The declaration by coincheck hints that the platform is now operating services for all “tradable cryptocurrencies.” the announcement stated, “Coincheck has been steadily resuming as each service’s technical safety is confirmed through the support of external experts.”

Further adding, “As of the announcement today regarding XRP and FCT, Coincheck has resumed depositing and purchasing services for all tradable cryptocurrencies on Coincheck.”

After the effects of a massive hack, the exchange is moving towards its routine. Meanwhile, it will re-enable its remaining services which are leveraged transactions and an affiliate service. Detailing further the exchange resumed withdrawal in Japanese yen (JPY) in February, and eventually started the remitting and selling of cryptocurrencies between March to June of this year.

A couple of weeks ago, coincheck re-introduced the NEM token to its platform, which was hugely affected in the hack. Since recent months, the exchange was enabling users to open new accounts and deposit the cryptocurrencies such as Bitcoin (BTC), Ethereum Classic (ETC), Litecoin (LTC) and Bitcoin Cash (BCH).
The firm also declared that it is currently preparing for the resumption of further services.

The exchange affirms that it will the services will only be reintroduced once the cryptocurrency exchange receives confirmation of the technical safety of the products and platform from external experts. As the exchange intends to prevent a repeat of January’s harmful hack.

Moreover, Zaif, another Japanese platform had also faced a hack causing $60 million loss. Which was later handed over to Fisco.

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Ruti Vora

Ruti has recently joined CryptonewsZ as a writer and has been writing on other cryptocurrency sites as well. Having a background of tech field makes her versatile with a keen interest in literature. You will find her surrounded by books and music when she is not on work. You can also contact her on Linkedin or Facebook.
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