Company: CNCKW
Filing Date: 2025-09-10
Form Type: 424B3
Source: 0001213900-25-086398
Chunk: 92

Company: Coincheck Group N.V.
Filing Date: 2025-09-10
Form: 424B3
Chunk 92
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 sections titled “Risk Factors” and “Cautionary Statement Regarding Forward -Looking Statements,” which you should review for a discussion of some of the factors that could cause actual results to differ materially from the results described in or implied by the forward -looking statements contained in the following discussion and analysis and elsewhere in this prospectus. Overview We believe we are a leader in the Japanese cryptocurrency industry for providing a crypto asset marketplace to retail investors. We offer our retail customers a multi -cryptocurrencymarketplace, which we sometimes call our Marketplace platform business, where we, after securing matching or offsetting orders of our customers or otherwise verifying sufficient liquidity, are the seller or buyer against our customers’ executed orders. Our customers may also use our Exchange platform, which is targeted at more experienced cryptocurrency investors, where we do not act as buyer or seller, but only facilitate order books through which the buyer and seller transact directly with each other. We sometimes make purchases on the Exchange platform to support liquidity for our transactions on the Marketplace platform. On both platforms, in the aggregate (excluding purchases we make on the Exchange platform), we had as of June30, 2025, according to the JVCEA, a 23.6% market share in Japan by trading volume. We also had, according to the JVCEA, 18.7% of the market share for retail users by number of verified users in Japan. As of June30, 2025, our number of verified users exceeded 2.3million, with approximately 50.0% of those accounts held by customers under age 40. As of March31, 2025, our number of verified users exceeded 2.3million, with approximately 51.0% of those accounts held by customers under age 40. Each verified user has one customer account, which we sometimes call a verified account. For the three months ended June30, 2025 and 2024, 99.3% and 99.1%, respectively, of our total revenue consisted of transaction revenue generated from the Marketplace platform. We offer 34 different crypto assets on our Marketplace platform as of June30, 2025. For the years ended March31, 2025 and 2024, 99.6% and 99.6%, respectively, of our total revenue consisted of transaction revenue generated from the Marketplace platform. As of June30, 2025, more than 90% of our users utilize our mobile trading application for our Marketplace platform