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Bitcoin Bet Sparks Rally at Japan’s Most Expensive Brokerage

  • Monex Group shares have more than tripled since October
  • Firm’s cryptocurrency exchange Coincheck has seen profit jump
Oki Matsumoto

Oki Matsumoto

Photographer: Akio Kon/Bloomberg

One Japanese financial firm is riding the crypto wave like no other.

Shares of Monex Group Inc. have been tracking the ups and downs of Bitcoin, and have more than tripled since the cryptocurrency’s rally gained momentum in October. The online brokerage owns crypto exchange Coincheck Inc., whose profit has soared as clients flock to digital assets.