Ripple News

Bitcoin Gains; Coincheck Considers IEO Launch

© Reuters. – Bitcoin gained on Friday in Asia. Japanese crypto exchange Coincheck made headlines today as the company said it is considering launching an initial exchange offering (IEO).

Bitcoin gained 2% to $10,172.8 by 12:46 AM ET (04:46 GMT). XRP rose 2.2% to 0.27176, Ethereum traded 3.2% to $191.40, while Litecoin climbed 1.3% to $73.728.

Bitcoin’s market cap, according to, was last at $182.58 billion, about 70% of the total crypto marketcap of $286.94 billion.

According to a story published by Cointelegraph Japan on Thursday, which cited a Japanese statement by Coincheck, the company said that “the opportunities are being considered within the rules and guidelines of the Japanese Financial Services Agency.”

An IEO is a fundraising method conducted by a well-known exchange. That compares to an initial coin offering (ICO), where the fundraising is administered by a project team themselves.

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