Japan's Monex to buy majority stake in Canadian crypto firm 3iQ for $40m

Japan's Monex to buy majority stake in Canadian crypto firm 3iQ for $40m

FILE PHOTO: Representations of cryptocurrencies are seen in front of displayed words "Cryptocurrency market" and decreasing stock graph in this illustration taken November 10, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

Japan-based brokerage firm Monex Group said on Thursday it will acquire a majority stake in Canada’s 3iQ Digital Holdings for $39.8 million, to boost its appeal to crypto-hungry institutional investors.