Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 93

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 3
Chunk 93
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 in place for other

cover counterparties (other than Binance) because we believe that the amount of crypto assets deposited with other

cover counterparties, and after taking other relevant facts or factors concerning those cover counterparties into

consideration, do not warrant such a system at this time, but should that change with respect to another cover

counterparty we may decide to set up a similar immediate withdrawal process.

Our Customers

We only offer accounts for crypto asset marketplace services to customers resident in Japan. In particular,

we appeal to a younger demographic, with approximately 51% of verified accounts held by customers under 40 as of

March 31, 2025.

Account Opening Procedures

A potential customer who wishes to access our platforms (including the Marketplace platform and

Exchange platform) is required to have an active account with Coincheck. The potential customer is required to

accept the terms and conditions provided (“ Terms of Service”) when opening an account. Any changes made to the

Terms of Service are provided to customers either via email or by posting on our website and the customer

demonstrates acceptance of the modified terms (and is bound by the modified Terms of Service) by continuing to

keep the account open with us and using our services.

Only adults resident in Japan are eligible to open accounts to use our cryptocurrency exchanges. We do not

open accounts for those under 18 years of age or over 75 years of age. We comply with “know-your-customer,” or

“ KYC,” guidelines developed by the JVCEA in order to help ensure compliance with Japanese laws and regulations.

Our KYC process is designed to obtain the necessary information from potential customers while enabling

them to complete the process smoothly using their smartphone. Our KYC procedures include screening to confirm

that a prospective customer is not a person subject to international sanctions regimes, in addition to confirming the

prospective customer resides in Japan.

The account opening process includes:

• Account registration: The prospective customer initiates the account opening process by entering an

email address and password, upon which a link is sent to the prospective customer’s email.

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• Acceptance of terms: After confirming eligibility as to age and residence in Japan and acceptance of

the account terms, the prospective customer registers a cellphone number and receives an SMS to enter

a code to proceed to the identification verification process.

• Identification verification: The prospective customer then provides the additional personal

information required, selects a form of identification for verification, uploads a picture of the

chosen