Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 95

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 3
Chunk 95
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, as market conditions improved,

resumed advertising on television, which we believe contributed, in part, to an increase in mobile app downloads for

the Marketplace platform and otherwise contributed positively to our results during the year ended March 31, 2025.

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