Company: CNCKW
Filing Date: 2025-03-27
Form Type: F-1/A
Source: 0001013762-25-003470
Chunk: 32

Company: Coincheck Group N.V.
Filing Date: 2025-03-27
Form: F-1/A
Chunk 32
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 a result, period -to -periodcomparisons of our operating results might not be meaningful, and our past 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 our non -transactionrevenue; •pricing for our products and services; 15 •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 NFT marketplace; •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 NFT marketplace due to our or third -partyactions; •our ability to attract and retain talent; and •our ability to compete with our competitors. If the utility and usage of crypto assets, the development of which is difficult to predict, do not grow as we expect, our business, operating results, and financial condition could be adversely affected. Crypto assets built on blockchain technology were first introduced in 2008 and remain in the early stages of development. In addition, different crypto assets are designed for different purposes. Bitcoin, for instance, was designed to serve as a peer -to -peerelectronic cash system, while Ethereum was designed to be a smart contract and decentralized application platform. The further growth and development of particular crypto assets and their underlying networks and other cryptographic and algorithmic protocols governing the creation, transfer, and usage of crypto assets are subject to a variety of factors that are difficult to evaluate, including: •many crypto networks have limited operating histories, have not been validated in production, and are still in the process of developing and making significant decisions that will affect the design, supply, issuance, functionality