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

Company: Coincheck Group N.V.
Filing Date: 2025-08-29
Form: POS AM
Chunk 25
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 the above factors, or other factors. In the event that any of the foregoing, or other, factors drive down the price of crypto assets or the demand for trading, or trading volume of, crypto assets, our business, operating results and financial condition would be adversely affected. Our operating results have and are expected to significantly fluctuate from period to period. Our operating results are heavily dependent on the level of trading of crypto assets on our Marketplace platform. Due in large part to the highly volatile nature of the prices of crypto assets and trading volume, our operating results have fluctuated and are expected to continue to fluctuate significantly between periods in accordance with market sentiments and movements in such prices and volume. As a result, period -to-periodcomparisons (both sequential and year over year) of our results of operations should not be relied on as indicators of future performance. Our operating results will continue to fluctuate significantly as a result of a variety of factors, many of which are unpredictable and in certain instances, are outside of our control, including: •our revenue is dependent on crypto asset trading activity by our customers, including trading volume and the prevailing trading prices for crypto assets, whose trading prices and volume are highly volatile; •our ability to attract, maintain, and grow our customer base and engage our customers; •our ability to diversify and grow, including in respect of our non -transactionrevenue; •pricing pressure on our products and services; •investments we make in the development of products and services as well as our investment in sales and marketing; •addition and removal of crypto assets on our cryptocurrency exchanges or Coincheck NFT marketplace; 12 •adverse legal proceedings or regulatory enforcement actions, judgments, settlements, or other legal proceeding and enforcement -relatedcosts; •regulatory changes that impact our ability to offer certain products or services; •the development and introduction of existing and new products and services by us or our competitors; •system failure or outages, including with respect to our crypto platforms or other third -partycrypto networks; •breaches of security or privacy; •inaccessibility of our cryptocurrency exchanges or Coincheck NFT Marketplace due to our or third -partyactions; •our ability to attract and retain talent; and •our ability to compete with our competitors, including ones that offer, or begin to offer, more types of crypto assets, better transaction and settlement speed, security, or scalability, lower or more favorable fee structures, or other characteristics attractive to customers. Cyberattacks and security breaches