Monex Financial Report: Loss of cryptocurrency-related business $15.2 million

According to Finance Magnates, Japanese financial group Monex's 2019 financial report shows that as of March 2019, Monex's revenue was $420 million, down 4% year-on-year. In terms of its cryptocurrency investment details, Monex has been involved in digital assets before acquiring the Japanese cryptocurrency exchange Coincheck in April last year, but the cryptocurrency product segment has been losing money for a total loss of $15.2 million. Despite this, in the face of the gradual recovery of the encryption market, the company said in its report that it still hopes to achieve profitability by integrating Coincheck into a wider range of business operations.