Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 138

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 4
Chunk 138
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 crypto asset amount equivalent to ¥500), making 
it easy for new crypto investors to start trading.
High Level of Security
We understand the importance of the security and stability of our crypto asset platforms for the transactions 
conducted on them so that our users can buy, sell, and trade crypto assets safely. The following describes several of 
our significant security measures:
Operational and Risk Management Systems
Under the supervision of our Board and the relevant Board committees, we have established and 
continuously review operational and risk management systems to ensure the stability of our platforms, including:
•System risk assessment
•Information security management
•Cybersecurity risk management
•System planning, development, and operation management
•External contractor management
•Contingency plans
Although we comply with regulatory requirements relating to the protection and safety of customer crypto 
assets that we hold, these assets are not insured or guaranteed by any government or government agency, and we do 
not maintain any insurance for the recovery of any potential loss of such customer assets. For more information on 
the regulatory requirements related to customer assets, see “— Regulatory Environment — Regulations on Crypto 
Asset Exchange Service.”
Cover Counterparty Risk Management Policies
As earlier described, we enter sale and purchase transactions with cover counterparties to minimize our 
position risk. Our cover counterparties go through extensive risk review as reputable trading parties in the crypto 
asset trading business prior to being approved by us. A trading counterparty may be an external exchange, market 
maker or broker in crypto assets or a broker connected to multiple OTC crypto asset venues. The counterparties 
provide bid ask pricing to us through API feeds for our crypto purchases and sales. The markets created or accessed 
by our counterparties are active markets, and the associated activity is orderly and has sufficient volume to have 
reliable information and therefore are representative of a fair price in the market. To provide a fair value 
representative price to our customers, we use the pricing provided by these counterparties.
Our Dealing Department constantly monitors information with respect to our cover counterparties by 
reviewing real-time information about each cover counterparty, as well as the crypto asset community in general, on 
social media, including but not limited to X (formerly, Twitter), and other available news sources, such as CoinDesk 
and The Block. We also review public proof of reserve transactions on-chain and use on-chain analysis and research 
conducted by blockchain analytics platforms, such as Nansen and Defillama, to obtain additional information.