Company: CNCKW
Filing Date: 2025-01-28
Form Type: F-1
Source: 0001213900-25-007203
Chunk: 113

Company: Coincheck Group N.V.
Filing Date: 2025-01-28
Form: F-1
Chunk 113
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 plans, estimates, and beliefs that involve risks and uncertainties. Our actual results could differ materially from those discussed in the forward -looking statements as a result of many factors, including those factors set forth in the sections titled “Risk Factors” and “ Forward -Looking Statements,” which you should review for a discussion of some of the factors that could cause actual results to differ materially from the results described in or implied by the forward -looking statements contained in the following discussion and analysis and elsewhere in this prospectus. Overview We believe we are a leader in the Japanese cryptocurrency industry and are primarily engaged in providing a crypto asset marketplace for retail investors. We offer our customers a multi -currencycrypto marketplace with a deep pool of liquidity for trading crypto assets through our user -friendlyapplications, along with an Exchange platform and several other retail -focusedcrypto services, such as Coincheck Periodic Purchases. We are headquartered in Tokyo and had a 32.1% market share by trading volume as of September 2024, according to the JVCEA and 19.1% of the market share for retail users by number of verified accounts in Japan. As of September 30, 2024, our number of verified accounts exceeds 2.1million and approximately 52% of these accounts are held by customers under 40. In the years ended March 31, 2022, 2023 and 2024 and the six months ended September 30, 2024, 99.6%, 98.9%, 99.6% and 99.4%, respectively, of our total revenue consisted of transaction revenue generated from trades of customers and cover counterparties on our Marketplace platform business, where we take a bid -askspread on all customer trades on such platform and offer 28 different crypto assets as of September 30, 2024, unchanged from June30, 2024. As of September 30, 2024, over 90% of our users utilize our mobile trading application for our marketplace, while the remaining users utilize our desktop trading application. We also operate an Exchange platform targeted at more experienced users that mediates order books between such users for a more limited number of crypto assets and for which we generally do not charge a commission on each transaction. We believe that we are one of the leading innovators within the Japanese crypto markets. In 2021, we introduced an NFT platform and conducted the country’s first IEO. The growth of crypto assets and crypto markets has come in