Company: CNCKW
Filing Date: 2025-08-29
Form Type: POS AM
Source: 0001213900-25-082038
Chunk: 95

Company: Coincheck Group N.V.
Filing Date: 2025-08-29
Form: POS AM
Chunk 95
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 peak in the first quarter of the fiscal year ended March31, 2022 (April – June 2021); however, beginning in the third quarter of the fiscal year ended 55 March31, 2024, we have seen an increase in our number of monthly users. Our number of average monthly users was approximately 83,711 for the first quarter of the fiscal year ending March31, 2026. Our number of average monthly users was approximately 146,200 for the fourth quarter of the fiscal year ended March31, 2025. Source: Internal data Customer Assets (by Currency) Customer assets are a measure of the scale of total value held on our cryptocurrency exchanges as of the period indicated. We believe that customer assets reflect the trusted nature of our cryptocurrency exchanges and services. The value of our customer assets is driven by the price, quantity, and type of crypto assets held by customers. Customer assets include cash deposited by customers, which is segregated in a trust account with a trust bank, and customers’ crypto assets that we hold in custody. Changes in the price and quantity, particularly for Bitcoin, Ethereum and XRP, or in the types and mix of crypto assets we make available to our customers, can result in growth or decline in customer assets within a particular period. For example, we could see an increase in the quantity of customer assets we hold — meaning measured in units of crypto assets — but the value of customer assets could decline if the corresponding price of a crypto asset declines. Conversely, a decline in the quantity of assets we hold can be offset, or partially offset, by rising crypto asset prices. Our ability to protect our customers’ crypto assets is also an important factor, since any inability to do so could result in us compensating our customers for their loss (even if we are not legally required to do so), our customers losing trust in our services, the withdrawal of customer assets or a reduction in the deposit of customer assets. We work continuously to comply with applicable security measures to ensure that customer assets are protected. For more information, see “Risk Factors — Risks Relating to Our Business, the Crypto Industry, and Crypto Assets” and “Business — Regulatory Environment — Regulations on Crypto Asset Exchange Service.” We provide custody services to our customers for their crypto assets. Customer assets as of June30, 2025, and March31, 2025 were ¥1,000billion and ¥859billion, respectively. 56 Because the amount and value of our customer assets are driven by multiple