Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 188

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 5
Chunk 188
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 affect the 
reported amounts of assets, liabilities, revenue, expenses and related disclosures. We evaluate our estimates and 
assumptions on an ongoing basis. Our estimates are based on historical experience and other assumptions that we 
believe to be reasonable under the circumstances. Our actual results could differ from these estimates under different 
assumptions or conditions. We believe that the following critical accounting policies reflect the more significant 
judgments, estimates and assumptions used in the preparation of our financial statements.
Crypto assets held
Our holdings of crypto assets that are considered to be controlled by us for accounting purposes are 
presented as a part of assets in our consolidated statements of financial position. 
We determined that cryptocurrencies for facilitating customer transactions are accounted for under IAS 2 
“Inventories.” Under IAS 2, such cryptocurrencies are initially recognized at the acquisition price and subsequently 
at fair value less costs to sell as these are held with the purpose of acquiring broker-traders’ margin. The changes in 
fair value less costs to sell are recognized in profit or loss in the period the change occurs.
We use third-party exchanges to measure the fair value of its cryptocurrency. We select the principal 
market, which is the exchange with the highest liquidity and highest volume of trades. If a principal market does not 
exist, we select the most advantageous market, one with high liquidity, high volume of trades, the most favorable 
spread, maximizing the amount that would be received to sell the asset or minimizing the amount that would be paid 
to transfer the liability, net of transaction costs. Judgment is required in determining which exchange serves as the 
principal market or the most advantageous market for each type of cryptocurrency. Management reviews each 
exchange at period end and subsequently accounts for the crypto assets at fair value less cost to sell. The fair values 

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of the crypto assets are considered to be Level 1 fair value measurements, which are unadjusted quote prices in 
active markets that are accessible at the measurement date for identical, unrestricted assets.
Crypto Asset Borrowing
We enter into contracts to borrow cryptocurrencies from our customers under the Coincheck Lending 
program. We record “crypto asset borrowings” with respect to our repayment obligation under the contracts. Crypto 
asset borrowings include all crypto assets which are deposited with the Company under the program regardless of 
whether the Company utilizes them for its borrowing activities. These crypto assets are recognized as inventories in 
the consolidated statements of financial position.
Crypto asset borrowings are initially measured at the fair value of the crypto