Company: CNCKW
Filing Date: 2025-03-27
Form Type: F-1/A
Source: 0001013762-25-003470
Chunk: 148

Company: Coincheck Group N.V.
Filing Date: 2025-03-27
Form: F-1/A
Chunk 148
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consolidated entities or financial partnerships, including entities sometimes referred to as structured finance or special purpose entities, that were established for the purpose of facilitating off -balancesheet arrangements or other contractually narrow or limited purposes.

96 BUSINESS Overview We operate one of the largest multi -cryptocurrencymarketplaces and exchanges in Japan and are regulated by the JFSA. We are a leader in the Japanese crypto exchange industry, providing Marketplace and Exchange platforms on which diverse cryptocurrencies, including Bitcoin and Ethereum, are held and exchanged, and offering other retail -focusedcrypto services. We are also increasing Japanese users’ access to innovative digital products and solutions beyond cryptocurrencies, such as non -fungibletokens (“NFTs”), and seek to enable Japanese users to access the benefits of emerging new technologies. We believe we are well positioned to benefit from increasing adoption of cryptocurrencies and other new technologies within the world’s fourth largest economy. We estimate that 18.6% of cryptocurrency users in Japan have a verified Coincheck account, or approximately 2.2million users as of December 31, 2024, based on data compiled by the JVCEA. We believe that our users choose us due to our trusted and recognized brand, robust product offering and strong customer service. Approximately 51% of these accounts are held by customers under 40 as of December 31, 2024, providing the opportunity for our business to grow alongside our customers as they reach their prime earning years. We believe that this, combined with our constant innovation and robust KYC/AML and compliance infrastructure, positions us to capitalize on the potential growth of the Japanese crypto economy. We derive most of our total revenue from trading on our Marketplace platform business. We support trading in 31 different types of cryptocurrencies across all our Marketplace and Exchange platforms as of December 31, 2024. We also continue to be an innovator in the Japanese crypto economy to ensure that Japanese customers and institutions have broad access to the latest technological developments. We conducted Japan’s first IEO during 2021 and have launched a marketplace for NFTs, which we expect to have synergies with our other businesses. Our smartphone application is our main point of contact with our customers, and we believe it provides a user friendly experience with sophisticated UI/UX. To maintain the quality of customer experience we offer, we continuously invest in flexible system and software development, and engineers accounted for 37.1% of our staff as of December 31, 2024. We believe our combination with Thunder Bridge