Company: CNCKW
Filing Date: 2025-03-27
Form Type: F-1/A
Source: 0001013762-25-003470
Chunk: 175

Company: Coincheck Group N.V.
Filing Date: 2025-03-27
Form: F-1/A
Chunk 175
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 punitive damages or liability in excess of the amount of actual damages may be awarded. 115 Large-lot OTC Trading Service We offer a large -lottrading service for cryptocurrencies in Japan supporting five cryptocurrencies (BTC, ETH, BCH, XRP and LTC). Customers who trade large amounts of cryptocurrencies (ten million yen or more) can buy and sell cryptocurrencies through block trades 24 hours a day, 365 days a year, at premium rates. However, in view of the service availability of our liquidity providers (cover counterparties), we suspended our large -lottrading service on March 14, 2024, with no plans currently for the resumption of this service. As a result of the suspension of this service, there will not be a significant impact on our revenue or overall operations or business. Additional Cryptocurrency-related Services Our revenue from our Marketplace and Exchange platforms is highly influenced by the volatility of the cryptocurrency market. To increase the utility of cryptocurrencies to our customers and to generate asset -basedrevenue, we have steadily introduced additional services, including our Coincheck Periodic Purchase Plans service, our large -lotOTC trading service, a cryptocurrency lending service and Coincheck Electricity and Coincheck Gas. Coincheck Periodic Purchases Our Coincheck Periodic Purchases service is a cryptocurrency accumulation service and allows customers to automatically purchase a fixed amount of any cryptocurrency supported on our Marketplace platform periodically to support more stable asset building. Customers are able to choose between a monthly purchase plan and daily purchase plan. Our monthly purchase plan targets customers who prefer to make one single purchase each month, while our daily purchase plan targets customers who prefer to minimize timing risks associated with large, one -timepurchases, allowing them to make daily purchases. Coincheck Lending In keeping with the provisions of the Cabinet Office Ordinance on Crypto Asset Exchanges and after consultation with the JFSA, we provide a service, Coincheck Lending, through which customers lend their cryptocurrencies to us for a contracted period of time. All cryptocurrencies supported on our Marketplace and Exchange platforms are eligible. Upon expiration of the contract period, we are required to return the borrowed crypto assets in kind under the terms of the agreement. Although there is no absolute limit to the amount of cryptocurrencies customers can lend to us, our customers are limited in the amount and size of loans they make up to the amount of cryptocurrencies they have deposited with us. Participation in Coincheck Lending by our customers is completely voluntary. As of December 31, 2024, we had borrowed approximately 5