Monex Group has acquired a majority stake in the cryptocurrency company 3iQ to expand its crypto business

ChainCatcher News: Japanese financial services provider Monex Group has completed the acquisition of a majority stake in Canadian crypto asset company 3iQ Digital Holdings to expand its crypto business.

It is reported that 3iQ previously launched North America's first regulated Bitcoin and Ethereum exchange-traded fund and the first Ethereum ETF with staking capabilities on the Toronto Stock Exchange. Monex Group expects to meet the demand for crypto asset management from global institutional investors and exchanges through the acquisition of 3iQ.