Japanese cryptocurrency exchange Coincheck's Q4 revenue last year increased by 75% quarter-on-quarter to $782 million

2025-02-13 10:53:32

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ChainCatcher news, according to Cointelegraph, based on the Q4 financial report released by the Japanese cryptocurrency exchange Coincheck (the company's third fiscal quarter), the revenue for that quarter surged to $782 million, a 75% increase from the previous quarter ($447 million).

Despite the strong revenue growth and a 72% increase in customer assets, the exchange still reported a net loss of $98.1 million, primarily due to $751 million in sales and other administrative expenses.
Gary Simanson, CEO of Coincheck's parent company Coincheck Group (headquartered in Amsterdam), attributed the strong earnings report to the "successful merger" with the blank check company Thunder Bridge Capital in December last year.

After the merger was completed on December 11, Coincheck's common stock and warrants began trading on the NASDAQ in the United States, with stock codes CNCK and CNCKW, respectively.

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