Coincheck Group N.v. CNCK

What this company does

Coincheck operates a licensed cryptocurrency exchange service in Japan, opening and maintaining accounts through which retail investors buy and sell cryptocurrencies on its Marketplace platform, which supported 33 cryptocurrencies as of March 31, 2026. As of March 31, 2026 it had approximately 2.5 million verified users. It offers accounts for crypto asset marketplace services only to customers resident in Japan. In the year ended March 31, 2026, transaction revenue generated from the Marketplace platform made up 94.9% of total revenue. On that platform Coincheck is always the seller to, and the buyer from, the customer, and its compensation takes the form of a price spread generally in a range of 0.1% to 5.0% of the transaction's asset value. Its Exchange platform is directed at more experienced and institutional users trading larger amounts, and provides additional liquidity to support the fulfillment of customer orders made on the Marketplace platform. It also offers staking rewards and, through its acquisitions of 3iQ and Aplo, crypto asset management services and a prime brokerage offering to institutional investors. 3iQ designs, manages and distributes regulated digital asset ETFs and ETPs listed on the Toronto Stock Exchange.

Written from the business description in Coincheck Group N.V.'s annual report to the U.S. Securities and Exchange Commission, filed 29 June 2026. Every sentence was checked against that document before publication.