Coincheck Acquires 97% of 3iQ for $111.84 Million
- Acquisition Deal: Coincheck Group has agreed to acquire a 97% stake in Canadian digital asset manager 3iQ for $111.84 million, priced at $4 per share, with the deal expected to close in Q2, marking a significant expansion into the North American market.
- Business Integration: This acquisition will provide Coincheck with direct exposure to regulated crypto investment products, adding fee-based asset management revenue and reducing reliance on volatile spot trading, thereby enhancing revenue stability.
- Market Positioning: 3iQ focuses on offering structured investment products for traditional financial channels, allowing Coincheck to tap into the rapidly growing regulated crypto fund market and meet the increasing demand from institutional investors.
- Strategic Expansion: This transaction is part of a series of acquisitions by Coincheck aimed at building international and institutional operations, further driving its transition from a retail trading model to a diversified financial platform.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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