Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 91

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 3
Chunk 91
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 price fluctuations in real time, a chat tool that allows users to communicate with other users participating in

transactions, and a “buy/sell board” that displays transaction status in real time.

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Trading in Small Amounts

We allow users to trade in amounts as small as ¥500 (or a crypto asset amount equivalent to ¥500), making

it easy for new crypto investors to start trading.

High Level of Security

We understand the importance of the security and stability of our crypto asset platforms for the transactions

conducted on them so that our users can buy, sell, and trade crypto assets safely. The following describes several of

our significant security measures:

Operational and Risk Management Systems

Under the supervision of our Board and the relevant Board committees, we have established and

continuously review operational and risk management systems to ensure the stability of our platforms, including:

• System risk assessment

• Information security management

• Cybersecurity risk management

• System planning, development, and operation management

• External contractor management

• Contingency plans

Although we comply with regulatory requirements relating to the protection and safety of customer crypto

assets that we hold, these assets are not insured or guaranteed by any government or government agency, and we do

not maintain any insurance for the recovery of any potential loss of such customer assets. For more information on

the regulatory requirements related to customer assets, see “ - Regulatory Environment - Regulations on Crypto

Asset Exchange Service.”

Cover Counterparty Risk Management Policies

As earlier described, we enter sale and purchase transactions with cover counterparties to minimize our

position risk. Our cover counterparties go through extensive risk review as reputable trading parties in the crypto

asset trading business prior to being approved by us. A trading counterparty may be an external exchange, market

maker or broker in crypto assets or a broker connected to multiple OTC crypto asset venues. The counterparties

provide bid ask pricing to us through API feeds for our crypto purchases and sales. The markets created or accessed

by our counterparties are active markets, and the associated activity is orderly and has sufficient volume to have

reliable information and therefore are representative of a fair price in the market. To provide a fair value

representative price to our customers, we use the pricing provided by these counterparties.

Our Dealing Department constantly monitors information with respect to our cover counterparties by

reviewing real-time information about each cover counterparty, as well as the crypto asset community in general, on

social media, including but not limited to