Company: CNCKW
Filing Date: 2025-03-27
Form Type: F-1/A
Source: 0001013762-25-003470
Chunk: 179

Company: Coincheck Group N.V.
Filing Date: 2025-03-27
Form: F-1/A
Chunk 179
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 Co., Ltd. on March 8, 2024, and the impact on our financial results for the fiscal year ending March 31, 2024 was limited. Group Collaboration We also seek to grow our customer base through collaboration with Monex Group companies in Japan in order to provide cryptocurrency trading exposure to equity investors, thereby increasing the potential number of cryptocurrency investors. In the past, shareholders of Monex Group as of a specified record date were eligible to receive an incentive of ¥500 value of Bitcoin if they establish a Coincheck account and register for the incentive within a specified period. We also offer a service for customers to convert “Monex Points” received from Monex, Inc. into certain cryptocurrencies at a rate of one point to ¥1 of value at current rates. Brokerage customers of Monex, Inc. are not automatically customers of Coincheck and need to establish an account with us in the normal manner if they wish to transact in crypto assets. This group collaboration system is illustrated below: We believe that by maintaining a complementary relationship with Monex, Inc., we will be able to further meet the broad range of user needs and offer more services in the future. Our Customers We only offer accounts for crypto asset exchange services to customers resident in Japan. In particular we appeal to a younger demographic, with approximately 51% of verified accounts held by customers under 40 as of December 31, 2024. In addition, we offer Coincheck NFT Marketplace to Coincheck accountholders who submit an additional application. 118 Account Opening Procedures Only adults resident in Japan are eligible to open accounts to use our cryptocurrency exchanges. We do not open accounts for those under 18 years of age or over 75 years of age. We comply with KYC guidelines developed by the JVCEA in order to ensure compliance with Japanese laws and regulations. Our KYC process is designed to obtain the necessary information from potential customers while enabling them to complete the process smoothly using their smartphone. The account opening process entails: • Account registration: a customer initiates the account opening process by entering an email address and password, upon which a link is sent to the customer’s email. • Acceptance of terms: after confirming eligibility as to age and residence in Japan and acceptance of the account terms, the customer registers a cellphone number and receives an SMS to enter a code to proceed to the identification verification process. • Identification verification: the customer provides the additional personal information required, selects a form of identification for verification, uploads a picture of the chosen