Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 81

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 3
Chunk 81
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Coincheck Periodic Purchases

Coincheck Periodic Purchases is a cryptocurrency accumulation service we provide that allows customers

to automatically purchase, daily or monthly, a fixed amount of nearly all of the cryptocurrencies supported by us.

Our monthly purchase plan targets customers who prefer to make one single purchase each month, while our daily

purchase plan targets customers who prefer to reduce timing risks related to price by, for example, choosing to

pursue a large-amount purchase strategy by purchasing fractional amounts daily.

Coincheck Lending (Borrowing by Coincheck of Customers’ Cryptocurrencies)

We provide a service, Coincheck Lending, to our customers through which they can lend their deposited

cryptocurrencies to Coincheck, as borrower, for selected periods of time, in exchange for which Coincheck pays

them an in-kind fee measured as a per annum percentage of the amount borrowed. All cryptocurrencies we support

are eligible, and the program is entirely voluntary. Coincheck is not obligated to make any borrowing a customer has

authorized. Upon expiration of the pre-selected authorized borrowing period, Coincheck returns the borrowed

cryptocurrencies, including the customer’s fee, in kind. The customer’s fee is paid only on the borrowed customer

crypto assets during the time they are held in Coincheck’s segregated hot wallets, regardless of the amount the

customer has authorized to be borrowed. A customer’s authorized loan size for a cryptocurrency is limited by the

amount of such cryptocurrency the customer has deposited with us. As of March 31, 2025, 5.5% of customer

cryptocurrency assets were authorized to be borrowed under Coincheck Lending and, at such date, we had borrowed

(by holding them in Coincheck hot wallets) approximately 0.6% of total customer cryptocurrencies. Our Coincheck

Lending program is in keeping with the provisions of the Cabinet Office Ordinance on Crypto Asset Exchanges and

was launched after we consulted with the JFSA.

Customers can participate in Coincheck Lending in amounts greater than ¥10,000 of equivalent value in the

cryptocurrency being loaned, and select lending periods of 14 days, 30 days, 90 days, 180 days and 365 days, at an

implied yield (a fee amount in the same cryptocurrency loaned) of 1%, 2%, 3%, 4% and 5% per year, respectively,

which we may change from time to time for new loans. As of March