Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 121

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 4
Chunk 121
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 which can benefit our customers, that we believe add value or can otherwise 
differentiate us, many of which are described below.  We also have initiatives, such as our recently launched 
“Coincheck Prime” branded offering, our industry-first IEO platform business and our recently-acquired staking 
platform service offering (which we expect will enhance our current staking award offering), that are designed to 
increase our appeal to institutional and more sophisticated investors in Japan and to attract other crypto industry 
firms to work with us. Part of our strategy is to expand these types of services and initiatives in countries and regions 
outside of Japan, primarily through acquisitions, investments, joint ventures or strategic relationships with firms or 
businesses in such other countries and regions, which we have been actively exploring since becoming a Nasdaq-
listed company in December 2024.  There can be no assurance that any such expansion opportunity we explore will 
result in an acquisition or similar transaction, or that if consummated any such acquisition or similar transaction 
would be successful.
Our Retail Investor Offering
Marketplace Platform
Our Marketplace platform is our core offering.  Our user-friendly smartphone application, which is what 
most of our customers use, allows for comprehensive yet easy-to-use functionality for beginning and less-

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experienced customers. Our more experienced traders may also use the smartphone application or our more feature-
rich web browser-based interface.
For customer purchase and sale transactions, Coincheck is always the seller to, and buyer from, the 
customer, and its compensation is in the form of a price spread. The spread we set is generally in a range of 0.1% to 
5.0% of the transaction’s asset value, and can change from time to time. We make this determination by considering 
prevailing market conditions with respect to a cryptocurrency, including competitors’ offers. We may increase a 
spread when there is sudden market movement and shortage of liquidity. While Coincheck does not charge 
customers fees for cryptocurrency deposits into their Coincheck  accounts, it does charge for withdrawals or 
transfers from their accounts to the customers’ private wallets or to their accounts with third-party exchanges. The 
prices we display for the cryptocurrencies we support include our bid-ask spreads, which are generally updated 
every 10 seconds, and we also display our withdrawal/transfer fees. While there are no defined limits on the fees we 
are allowed to charge, under Japanese cabinet orders applicable to crypto asset exchange service providers and the 
guid