Mercury, a subsidiary of Ceres Corporation (Headquarters: Shibuya-ku, Tokyo, Representative Director and President: Satoshi Tsuki, Securities Code: 3696, hereinafter referred to as Ceres), will start handling 'Algorand (ALGO)' in its cryptocurrency staking service 'CoinTrade Stake (CoinTrade Stake)' provided by the company from June 17, 2026.
Ceres is primarily engaged in the planning, development, and operation of Internet media and operates a points site 'Moppy' that can be exchanged for cash or electronic money. Ceres defines this 'point' as a kind of virtual currency (token) and believes that it has a very high affinity with blockchain technology and cryptocurrencies (tokens) such as Bitcoin, which are global digital payment methods.
Mercury obtained a cryptocurrency exchange license in February 2021 and opened a cryptocurrency exchange 'CoinTrade' where cryptocurrency trading is possible on the app in March of the same year. Since July 2022, when it started the cryptocurrency staking service 'CoinTrade Stake', it has positioned cryptocurrencies as next-generation asset management and started the 'CoinTrade Lending (CoinTrade Lending)' service in July 2024.
This time, 'Algorand (ALGO)', which will be handled by the staking service 'CoinTrade Stake' operated by Mercury, is a blockchain established by Silvio Micali, a professor at the Massachusetts Institute of Technology (MIT) in the United States in 2017. It adopts its own consensus algorithm 'Pure Proof of Stake (PPoS)', realizes rapid and safe transaction processing while minimizing environmental impact with high energy efficiency. In addition, it is also a major feature that carbon neutrality is achieved through design and efforts that consider the environment.
In the future, Ceres will continue to strive for the realization of a token economy (non-cash settlement society) through cryptocurrency and blockchain business together with Mercury, which operates the cryptocurrency exchange 'CoinTrade', and BitBank, Inc., a major domestic cryptocurrency exchange affiliated with the equity method.
About 'Algorand (ALGO)'
Currency unit: ALGO
Consensus algorithm: Pure Proof of Stake
Related site: https://www.algorand-japan.com/
'Algorand (ALGO)' is a blockchain developed by Silvio Micali of the Massachusetts Institute of Technology. While achieving carbon neutrality through design and efforts that consider the environment, it is possible to perform high-speed and secure transaction processing.
Transaction Overview
Minimum order quantity
Expected annual rate (APR)
1~
4.4%
*The annual rate listed is a guide.
*The annual rate may fluctuate depending on the network situation and is not guaranteed.
About CoinTrade (CoinTrade)
It is a cryptocurrency exchange where users can easily trade cryptocurrencies with a user-friendly interface and a simple trading view, and various generations of users can trade cryptocurrencies without getting lost. Account opening is possible in as little as a few hours from the 'CoinTrade' app, making it easy for anyone to use.
Service URL: https://coin-trade.cc/
About CoinTrade Stake (CoinTrade Stake)
It is a mechanism that allows asset management with cryptocurrencies (blockchain), and this mechanism is called 'staking'. It is attracting attention as 'next-generation asset management' based on rewards derived from contributions to the maintenance of the blockchain, which will become the infrastructure of the upcoming Web3 era.
Service URL: https://coin-trade.cc/services/stake/
*Note: The press release and other information posted in this document are as of the date of the announcement and may change due to the passage of time or various subsequent events. Please understand this in advance.
About Risk Information
Products handled by 'CoinTrade' may result in losses due to price fluctuations, etc. This press release is not intended to recommend investments or cryptocurrency trading.
Mercury Company Profile
Company name: Mercury Co., Ltd.
Representative: Representative Director and President Satoshi Tsuki
Location: 12th Floor, Shibuya Infostower, 20-1 Sakuragaoka-cho, Shibuya-ku, Tokyo
URL: https://coin-trade.cc/about/company/
Ceres Company Profile
Company name: Ceres Corporation
Representative: Representative Director and President Satoshi Tsuki
Location: 21st Floor, Shibuya Sakura Stage SHIBUYA Tower, 1 Ban 1-cho, Shibuya-ku, Tokyo
URL: https://ceres-inc.jp/
FACT BOX
- Source: PR TIMES
- Category: New Product
- Products / services: CoinTrade Stake