Bitcoin [BTC] wallet and exchange Coincheck makes a come back, aided by Monex

A year after a notorious theft, the Bitcoin [BTC] wallet and exchange service provider, Coincheck seems to have gotten back on track. A report released by its parent organization, Monex Group, for the third quarter of the fiscal year 2019, has revealed that Coincheck has managed to score an optimistic trading volume, shortly after resuming its operations.A loss of $5.39 million was reported by Coincheck in the previous quarter, however, the losses curbed to $2.97 million in the latest quarter. Revenue generated in the latest quarter also soared to $4.59 million from the previous quarter’s $2.75 million.The acquisition has been a major relief for the exchange, as Monex has not only taken an initiative to turn the previously dubious course of the company in the path of profitability but have also reworked the entire security feature of Coincheck and managed to refund the users who were victims of the hack even though no money was recovered after the grand theft.

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