Company: CNCKW
Filing Date: 2025-08-29
Form Type: POS AM
Source: 0001213900-25-082038
Chunk: 92

Company: Coincheck Group N.V.
Filing Date: 2025-08-29
Form: POS AM
Chunk 92
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 under age 40. Each verified user has one customer account, which we sometimes call a verified account. For the three months ended June30, 2025 and 2024, 99.3% and 99.1%, respectively, of our total revenue consisted of transaction revenue generated from the Marketplace platform. We offer 34 different crypto assets on our Marketplace platform as of June30, 2025. For the years ended March31, 2025 and 2024, 99.6% and 99.6%, respectively, of our total revenue consisted of transaction revenue generated from the Marketplace platform. As of June30, 2025, more than 90% of our users utilize our mobile trading application for our Marketplace platform, while the remaining users utilize our desktop trading application. We generally do not charge commissions or fees for use of our Exchange platform. We believe that we are one of the leading innovators in the Japanese crypto markets. In 2021, we introduced our Coincheck NFT Marketplace platform and also conducted Japan’s first approved IEO. The growth of crypto assets and crypto markets has come in waves, typically aligned with crypto asset price cycles, which tend to be volatile and draw new customers, investments, and developers into the crypto ecosystem. For example, according to closing day pricing information from CoinMarketCap, as the price of Bitcoin surged from approximately ¥432 thousand during March 2020 to all -timehighs of more than ¥7,500 thousand in November 2021, we experienced a corresponding increase in the usage on our Marketplace platform. However, the price of Bitcoin subsequently declined to approximately ¥3,781 thousand as of March31, 2023. Then, the price of Bitcoin rebounded to approximately ¥10,801 thousand during the fiscal year ended March31, 2024. For the fiscal 52

year ended March31, 2025, the price of Bitcoin slightly declined to ¥10,084 thousand as of June30, 2024, then reached a new all -timehigh of approximately ¥17,041 thousand in January 2025 then declined to approximately ¥12,382 thousand as of March31, 2025. The price then recovered to approximately to ¥15,415 thousand as of June30, 2025, which we believe was a key factor supporting our increased revenue for the three months ended June30, 2025 as compared to the three months ended June30, 2024. There have been a number of major crypto