Company: CNCKW
Filing Date: 2025-03-27
Form Type: F-1/A
Source: 0001013762-25-003470
Chunk: 326

Company: Coincheck Group N.V.
Filing Date: 2025-03-27
Form: F-1/A
Chunk 326
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 cryptocurrency exchange platform, and other.

| Step 1: |     | Identify the contracts with a customer                                        |
| Step 2: |     | Identify the performance obligations in the contract                          |
| Step 3: |     | Determine the transaction price                                               |
| Step 4: |     | Allocate the transaction price to the performance obligations in the contract |
| Step 5: |     | Recognize revenue when (or as) the entity satisfies a performance obligation  |

Details of revenue and revenue recognition criteria for each of major revenue items recorded in the condensed consolidated interim statements of profit or loss and other comprehensive income are summarized as follows: (a)Transaction revenue Transaction revenue is mainly derived from sales transactions with the Group’s customers. The Group’s customers include parties who hold accounts and utilize the services provided on the Group’s crypto asset platforms, which includes customers on the marketplace platform as well as cover counterparties in sale cover transactions on the Group’s and third -partyexchanges. However, users that purchase crypto assets from other users on the Group’s exchange platform but are not charged a commission do not meet the definition of a customer under IFRS 15. When the Group trades with customers on its marketplace platform, the Group adds a bid -askspread to the prices of the Group’s cover transactions. The spread is set/revised by the Group in a range of 0.1% to 5.0% for each cryptocurrency based on prevailing market conditions, including competitors’ offers. The Group has the discretion to add a spread that might be higher than the above -mentionedrange in instances where there are sudden market movements and shortage of liquidity in the market to ensure the execution of the transactions with customers. Furthermore, the spreads are applied to all transactions with customers regardless of whether the positions made by those transactions are offset before the execution of cover transactions. The Group has a performance obligation in its contracts with customers to transfer control of the cryptocurrencies to the customer and to deliver cryptocurrencies for transactions with customers. Contracts are defined at the transaction level and revenue is recognized at the point of time when

F-65 COINCHECK GROUP N.V. and its subsidiaries.
NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS
(UNAUDITED) 3.Material accounting policies (cont.) this performance obligation is fulfilled in accordance with IFRS 15. When the Group receives cryptocurrencies as noncash consideration, the Group measures received cryptocurrencies at fair value at the time of delivery. The Group determined that