Company: CNCKW
Filing Date: 2025-08-29
Form Type: POS AM
Source: 0001213900-25-082038
Chunk: 13

Company: Coincheck Group N.V.
Filing Date: 2025-08-29
Form: POS AM
Chunk 13
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 crypto assets by offering a service we believe is easy for anyone to use, regardless of financial or technological literacy. We operate, through our platforms, one of the largest multi -cryptocurrencymarketplaces in Japan. We had as of March31, 2025, according to the JVCEA, a 24.9% market share in Japan by trading volume, and our approximately 2.3million verified users represent an 18.5% retail market share. As of March31, 2023, 2024 and 2025, our customer assets were ¥344billion, ¥744billion and ¥859billion, respectively. Our marketplace trading volume was ¥157.1billion, ¥234.6billion and ¥337.5billion during the years ended March31, 2023, 2024 and 2025, respectively. We believe that our customers choose us due to our trusted and recognized brand, robust product offering and strong customer service. Approximately 51% of our verified accounts are held by customers under 40 as of March31, 2025, providing the opportunity for our business to grow alongside our customers as they reach their prime earning years. We believe that this, combined with our constant innovation and robust compliance infrastructure, position us to capitalize on the potential growth of the Japanese crypto economy. Our Marketplace platform offers our customers access to 34 cryptocurrencies, including Bitcoin, Ethereum and XRP, while our Exchange platform, which offers 20 cryptocurrencies, is geared more towards sophisticated and institutional crypto investors and provides liquidity support for transactions on our Marketplace platform. We believe we are well positioned to benefit from increasing adoption of cryptocurrencies and other new technologies within Japan, the world’s fourth largest economy. We currently derive most of our total revenue from transactions on our Marketplace platform. We also continue to be an innovator in the Japanese crypto economy with the goal of providing to Japanese customers and institutions broad access to technological developments in the industry. For example, we offer our Coincheck NFT Marketplace, a separate display screen for our customers, which we expect to have synergies within our retail customer base, and conducted Japan’s first IEO during 2021. Our smartphone application is our main point of contact with our customers, and we believe it provides a user friendly experience with sophisticated user interface and experience. To maintain the quality of customer experience, we continuously invest in flexible system and software development, and engineers and product developers accounted for 36.6% of our staff as of March