Company: CNCKW
Filing Date: 2025-03-27
Form Type: F-1/A
Source: 0001013762-25-003470
Chunk: 57

Company: Coincheck Group N.V.
Filing Date: 2025-03-27
Form: F-1/A
Chunk 57
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 our business. If we fail to retain existing customers or add new customers, or if our customers decrease their level of engagement with our products, services and platform, our business, operating results, and financial condition may be significantly harmed. Our success depends on our ability to retain existing customers and attract new customers and to increase engagement with our products, services and platform. To do so, we must continue to offer leading technologies and ensure that our products and services are secure, reliable and engaging. We have historically targeted retail investors new to investing in crypto assets, and the quality of our UI/UX, especially for smartphone users, and the provision of information to such investors is a key competitive factor. There is no assurance that we will be able to retain our current customers or attract new customers, or keep our customers engaged. In particular, as the majority of our total revenue is currently derived from trading activity by Japanese retail customers who trade on our Marketplace platform, we are sensitive to any changes in sentiment among such retail investors, which may be caused by other factors in addition to the below. Moreover, as we seek to attract new customers, we may also seek to expand to institutional customers within Japan, and we may be unsuccessful in any such expansion due to differences between Japanese institutional and retail customers. Any number of factors can negatively affect such customer retention, growth, and engagement, including if: •customers increasingly engage with competing products and services, including products and services that we are unable to offer or do not offer; •we fail to support new and in -demandcrypto assets or if we elect to support crypto assets with negative reputations; •our newly offered products and services, such as our Coincheck NFT Marketplace or IEO business, are unsuccessful in achieving our expected goals for such products and services; •there are adverse changes in our products and services that are mandated by legislation, regulatory authorities, or litigation; •customers perceiving the crypto assets on our cryptocurrency marketplace or exchanges, or NFT marketplace to be bad investments, or experiencing significant losses in investments made on our cryptocurrency marketplace or exchanges, or NFT marketplace; •technical or other problems prevent us from delivering our products and services with the speed, functionality, security, and reliability that our customers expect; •cybersecurity incidents, employee or service provider misconduct, or other unforeseen activities that causes losses to us or our customers, including losses to assets held by us on behalf of our customers; •modifications to our pricing model or modifications by competitors to their pricing; •we fail to provide adequate