Coincheck Owner Monex Will Pay Dividends In Bitcoin For the First Time

The Monex Group, a Japanse financial company which owns the crypto exchange Coincheck, have taken another step towards the crypto world. Now, the company is set to pay out the dividends of its profit to the shareholders with Bitcoin.

This will be an additional benefit, not the whole payment. The original payment will still be made using fiat currency, but investors who have any shares after September 30, 2019, will be able to take benefits that will be paid in Bitcoin. Each shareholder who has a Coincheck account will get around $4.65 USD worth of BTC.

With this program, all investors who have accounts will get their money, independently, based on how many shares they have. If they open the accounts until the dividends are paid, they will receive money. Without doing this, however, they will lose out on this opportunity.

However, the company has not explained whether it will continue to pay its investors with crypto next year or not, so this may be a one-time-only benefit.

The company has also announced that it would introduce something called Monex Points. This system would be used to grant shareholders with additional benefits when using the brokerage accounts of the company. One point will be the equivalent to a single yen.

In related news, the company also announced some staff changes. For instance, Yuya Asamura, currently working as the manager for strategic planning, has been promoted to the position of executive director. Naoyuki Kainuma will also become the new CEO of the Monex Group.

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Author: Gabriel Machado

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