Crypto-Linked Stocks Drop After Bitcoin Sank to One-Year Low
- Japan’s Monex Group drops with Omnitel, Vidente of South Korea
- Industry is bracing for a contentious split with Bitcoin Cash
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Shares of several cryptocurrency-related companies in Asian markets fell Thursday, following earlier losses among U.S. names after Bitcoin led a sell-off in digital currencies.
Monex Group Inc., which owns the Japanese exchange Coincheck, and SBI Holdings Inc. each fell more than 2 percent to close at two-week lows in Tokyo, while Vidente Co. and Omnitel Inc. ended the day down at least 7 percent in Seoul to lead declines among crypto-linked stocks.