Company: CNCKW
Filing Date: 2025-04-10
Form Type: 424B3
Source: 0001213900-25-030417
Chunk: 324

Company: Coincheck Group N.V.
Filing Date: 2025-04-10
Form: 424B3
Chunk 324
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 deposit and withdrawal fees, and other revenue that mainly derives from the sale of NFTs and to a lesser extent, the issuance of IEOs. Revenues that arise from contracts with customers are recognized applying the five -stepapproach of IFRS15, Revenue from Contracts with Customers, as shown below. Major components of revenue includes transaction revenues from sales of crypto assets to customers and cover counterparties and commission revenues from commissions received for executing transactions. Consideration received from customers does not include significant financing components, because the Group receives payments from its customers soon after it fulfills its performance obligations. Commission received refers to remittance fees, deposit and withdrawal fees, commissions received from the issuer and the applicants in the IEO business, commissions that arise from transactions on the NFT Marketplace, commissions that arise from transactions on the 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