Company: CNCKW
Filing Date: 2025-08-29
Form Type: POS AM
Source: 0001213900-25-082038
Chunk: 125

Company: Coincheck Group N.V.
Filing Date: 2025-08-29
Form: POS AM
Chunk 125
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 Created by us based on public information made available by the JVCEA. Our product and business strategy is driven in large part by our customer demographics, with broad crypto asset coverage and Web3 products or services, such as NFT purchase -and-salesupport and the ability of customers to participate in IEOs that appeal to millennials and later generations. We provide our young, loyal retail customer base with exposure to crypto assets via a user -friendlycrypto trading marketplace, mobile -nativeuser interface (app), seamless KYC onboarding and our dedicated Coincheck NFT Marketplace. Our strong market position and brand recognition helps us not only attract, engage and retain customers, but also attracts engineers and product developers to work for and with us. This allows us to continue to operate a consistent cycle of innovation and leadership. We believe our brand recognition will be an advantage as we seek to help grow the markets for crypto assets in Japan. Our overall trading volume (Marketplace platform and Exchange platform, combined), and in particular our altcoin trading volume, grew dramatically as the global crypto asset industry saw growth in asset prices and trading volumes in 2021, then declined with the price decline in Bitcoin and many altcoins, before beginning to generally trend up again starting in early 2024. And while Bitcoin remains the crypto asset most traded in Japan, we appear to have more diverse trading volume compared to the industry average. For example, according to the JVCEA, the average share of Bitcoin trading volume on all domestic platforms and exchanges during the year ended March 31, 2025 was approximately 68%, while the share of Bitcoin trading volume on our Marketplace platform during the same period was approximately 43%. We believe our higher proportion of altcoin trading volume demonstrates the differentiated value of our Marketplace platform. 82 The below graphics further illustrate our overall trading volume, including our overall increasing trend in volume beginning in the fourth quarter of our year ended March 31, 2024: Source: Internal data. Source: Amounts for Coincheck represent trading on our Marketplace platform, amounts for Japan are derived from JVCEA data that include all types of exchanges, and amounts for Coinbase are taken from its public disclosure. 83 We have a young, highly-engaged customer base. We believe a key long -termadvantage of our business is our young customer base, with approximately 51% of verified accounts held by customers under 40 as of March 31, 2025. Our platform strongly aligns with our user base and with products and services