Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 182

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 5
Chunk 182
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7.7
IOST                              0.4      0.4      0.1
ENJ                               0.1      0.1      0.0
XEM                               0.1      0.1      0.0
XLM                               0.1      0.1      0.2
BCH                               0.1      0.4      0.2
ETC                               0.1      0.2      0.1
LTC                               0.1      0.1      0.0
LSK                               0.2      0.2      0.1
BAT                               0.1      0.1      0.0
QTUM                              0.1      0.1      0.0
OMG                               0.1      0.0      0.0
MONA                              0.0      0.0      0.0
Others                            0.2      0.5      0.3
Total borrowed crypto assets    ¥18.8    ¥44.0    ¥44.5
We monitor the risk related to crypto assets held in hot wallets or deposited with cover counterparties 
closely, and our policy is to restrict such amounts to the level necessary to support our operations. As of March 31, 
2025, our crypto assets held (current assets) were ¥44,680 million, of which crypto assets borrowed from customers 
accounted for ¥44,479 million. As of March 31, 2025, the aggregate of crypto assets held in hot wallets and crypto 
assets deposited with our cover counterparties was ¥3.3 billion, as compared to our cash and cash equivalents of 
¥8.6 billion.
Borrowing cryptocurrencies from our customers enables us to facilitate trading on our Marketplace 
platform at a lower cost than procuring the cryptocurrencies from alternate sources. The terms of the borrowing 
arrangements also limit our exposure to the price risk of the underlying crypto assets because we return such crypto 
assets in kind at the end of the borrowing period. Both our crypto assets held in current assets and our crypto asset 
borrowings are reported at fair value so the impact of price changes in the underlying crypto assets are offset. We 
utilize borrowed crypto assets to facilitate the prompt execution of cover transactions before we subsequently