Monex Announces Bitcoin Bonus for FY19, in Addition to Usual Shareholder Dividend

Japan based financial service provider Monex, which runs cryptocurrency exchange Coincheck, stated that it will award Bitcoin (BTC) to its shareholders as 2019 bonus.
As per March 23 news release, Monex intends to offer its shareholders 500 yen ($4.53) to those who own the company’s shares at the end of March 31 as FY19 bonus, in addition to prevailing shareholder dividend.

Monex will offer Bitcoin to shareholders who maintain a crypto wallet account with Coincheck. The media news indicates that this will be a one-time reward:

“Please note that it has yet to be determined whether granting the cryptocurrency BTC as a part of shareholder benefits will continue for the fiscal year 2020 and after.”

Monex Group is a listed financial services company established in 1999. As per the firm’s website, the company’s objective is to “create the future of finance.”

Owler, which provides company info, shows that the annual revenue of Monex, which has 833 employees, to be $721.10 million.

The effort seems to be a method to increase the interest of its shareholders in cryptocurrencies.

Strangely enough, the COVID-19 quarantine is also playing a part in boosting interest in Bitcoin.

As per Binance.US CEO Catherine Coley, there has been a considerable increase in cryptocurrency trading volume in Asia as people are staying at home to prevent virus infection.

Coley stated that cryptocurrency markets are powered by “technology that we can trade on 24/7, regardless of our environment,” which makes them immune to “supply chain problems that we are seeing from national traded stock.”

Another optimistic info is that both Baidu and Google have reported that public is demonstrating a rise in interest in buying Bitcoin.