Company: CNCKW
Filing Date: 2025-04-10
Form Type: 424B3
Source: 0001213900-25-030417
Chunk: 121

Company: Coincheck Group N.V.
Filing Date: 2025-04-10
Form: 424B3
Chunk 121
---
, 2023, 73% and 12%, respectively, for the year ended March 31, 2024, and 71% and 12%, respectively, for the nine months ended December 31, 2024, our trading volume of Bitcoin and Ethereum on our Marketplace platform was 46% and 27%, respectively, for the year ended March 31, 2024, and 43% and 24%, respectively, for the nine months ended December 31, 2024.We believe that our high share of altcoin trading volume and market share, which is higher than the industry average within Japan and higher than other global cryptocurrency exchange platforms, demonstrates the uniqueness of our Marketplace platform and helps us to retain customers from switching to other trading marketplaces. Over time, we have observed a positive trend in the total market capitalization of crypto assets which indicates increased adoption. However, these historical trends are not indicative of future adoption, and it is possible that the adoption of crypto assets and blockchain technology may slow, take longer to develop, or never be broadly adopted, which would negatively impact our business and operating results. Offering leading technology and providing successful products and services We believe that the development of new products and services to enhance the value proposition of our cryptocurrency exchanges for our customers is important in maintaining our existing customer base as well as reaching new customer segments. We are continually focused on having leading UI/UX - designfeatures and utilizing our mobile application to attract and engage retail users as customers’ first access point to trading of crypto assets. We also focus on offering distinct trading services on our two separate platforms that target different segments of users, our Marketplace platform and our Exchange platform. Each of these platforms was designed independently, provides different functionalities and has different features. We are also focused on our easy -to -useinfrastructure and plan to continue to develop new products and services, offer more crypto assets on our cryptocurrency exchanges, and continue to differentiate between our various customer segments with our optimized Marketplace and Exchange platforms. We believe that our Marketplace platform will continue to drive our growth and revenue, and we intend to launch products that complement our existing marketplace, such as our NFT and IEO product offerings. We believe that our NFT offerings can successfully leverage the existing customer base of our Marketplace platform. Substantially all of our customers are retail users and we are currently aiming to introduce our products and services to institutional investors, such as insurance companies, to the extent that such companies begin investing in crypto assets in the future. However, we