Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 86

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 3
Chunk 86
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EOs

“in the pipeline” that are being considered, we believe that the growth and future size of our IEO platform business

will depend, in large part, on regulators’ and industry participants’ success in establishing a clearer, and more mature

and standardized, regulatory structure for IEOs.

Staking Platform Services

As earlier mentioned, we acquired the staking platform service provider Next Finance in March 2025 for,

among other reasons, to be able to have our own staking platform and not have to share our staking reward service

fee with a third-party platform provider (as we do now), and we expect to complete our testing and integration, and

be able to provide Coincheck Staking to our customers using our own (i. e. Next Finance’s) staking platform service,

during the 2026 calendar year. However, another reason we made this acquisition is to be able to provide, as a

service vendor, the Next Finance staking platform service to crypto asset exchanges and similar crypto asset

businesses, both inside and outside of Japan, who wish to offer to their customers or otherwise engage in staking.

We intend to focus more on this potential vendor service following the launch of the Next Finance staking platform

service for use in our own Coincheck Staking offering.

Web3

As earlier described, our Web3-related transactions and relationships with Web3 entities or businesses

include the listing of their NFTs on our Coincheck NFT Marketplace and that seek to launch crypto assets through

IEOs via our IEO platform, and may include additional transactions and relationships with other Web3 product and

service providers who are interested in our customers being able to purchase their products or services, or otherwise

being able to connect to them, through or using our platforms.

Exchange Platform

As earlier mentioned, our Exchange platform is targeted at more experienced individual and institutional

users. We historically have not charged fees or commissions for the use of, or transactions completed on, our

Exchange platform, with the following exceptions: commissions of 0.05% or 0.1% for the purchase and sale of

Ethereum Classic (“ ETC”) beginning August 10, 2022, FiNANCiE (“ FNTC”) beginning January 10, 2024,

Brilliantcrypto Token (“ BRIL”) beginning June 17, 2024, IOST beginning September 4, 2024, and Blood Crystal

(“ BC”) beginning October