Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 142

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 4
Chunk 142
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5.
Data Collection Practices
We collect and analyze user data in compliance with relevant Japanese laws including the Act on the 
Protection of Personal Information and other applicable laws and regulations. We initially obtain personal 
information of our customers in order to complete the KYC procedures described above. Once a customer opens an 
account, we monitor all access by our customers via either our smartphone application or our website and obtain 
data relevant to the transactions, including the outstanding balance of assets and transaction history. We utilize 
commercially available services from companies such as TreasureData, Inc. to analyze user data that we obtain from 
our smartphone application or website. We utilize services and tools of TreasureData, Inc. to analyze the number of 
active users, rate of users that deposited cash in their accounts and users that have purchased cryptocurrencies.

72

Competition 
We operate in a highly regulated and competitive market in Japan. Markets relating to crypto assets have 
been growing quickly and we expect the competitive landscape to continue to rapidly evolve. As of March 31, 2025, 
there were 28 crypto asset exchange service providers registered with the JFSA in Japan. Our competitors include 
independent providers in Japan, including bitFlyer, GMO Coin, Bitbank, Mercoin and SBI, as well as providers 
affiliated with foreign exchanges, including Bit Trade (previously Huobi Japan). In addition, Binance acquired 
Sakura Exchange Bitcoin in November 2022 to enter the Japanese market and launched its initial services on its 
platform in August 2023, while Coinbase K.K. and Kraken shut down their services in Japan. We compete on 
factors including:
•the quality of our user interface for both smartphone and PC users;
•the security of our platforms and reliability of execution;
•our brand strength and reputation; and
•innovation to provide additional products and services of interest to our customers.
Intellectual Property
We strive to acquire intellectual property rights related to the services we operate, and we recognize that the 
protection of our technology and intellectual property rights is an important aspect of our business. In order to 
prevent the infringement of not only our own intellectual property rights but also those of third parties, we conduct 
preliminary investigations throughout our company and with legal counsel. We rely on a combination of trademarks, 
trade secrets, copyrights, confidentiality procedures, contractual commitments and other legal rights to establish and 
protect our intellectual property. We generally enter into agreements with our employees and consultants that 
contain