Company: CNCKW
Filing Date: 2025-04-10
Form Type: 424B3
Source: 0001213900-25-030417
Chunk: 126

Company: Coincheck Group N.V.
Filing Date: 2025-04-10
Form: 424B3
Chunk 126
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 are subject to certain reporting and regulatory requirements in the United States. Components of Results of Operations Total revenue Total revenue consists of transaction revenue, commission received, and other revenue. Our primary revenue stream is from our Marketplace platform where 29 different types of cryptocurrencies can be traded as of December 31, 2024, including BTC, Ethereum and other altcoins. However, our revenue is susceptible to significant fluctuations as trading volumes in our Marketplace platform depend on cryptocurrency market volatility and prices, which ultimately impacts how much revenue we earn. Transaction revenue Our Marketplace platform business is the main source of transaction revenue. Transaction revenue from our Marketplace platform business is derived from transactions with customers and cover counterparties. The table below shows this breakdown of transaction revenue for the fiscal years indicated:

|                                        |     | 2022 | For the fiscal year ended 
                 March 31, |     | 2023 |         |     | 2024 |         |     | 2023 | For the nine months ended 
              December 31, |     | 2024 |         |     | 2023 | For the three months ended 
               December 31, |     | 2024 |         |
|:---------------------------------------|:----|:-----|--------------------------:|:----|:-----|--------:|:----|:-----|--------:|:----|:-----|--------------------------:|:----|:-----|--------:|:----|:-----|---------------------------:|:----|:-----|--------:|
| Transactions with customers            |     | ¥    |                   436,071 |     | ¥    | 125,491 |     | ¥    | 158,358 |     | ¥    |                    86,059 |     | ¥    | 174,549 |     | ¥    |                     40,907 |     | ¥    |  79,986 |
| Transactions with cover counterparties |     |      |                   252,367 |     |      |  49,446 |     |      |  64,688 |     |      |                    35,893 |     |      |  92,930 |     |      |                     17,902 |     |      |  42,709 |
| Transaction revenue                    |     | ¥    |                   688,437 |     | ¥    | 174,937 |     | ¥    | 223,046 |     | ¥    |