Investor Presentation - November 2025

NASDAQ: CNCK

Investor Presentation November 2025

Overview of Coincheck Group

Our vision: To be a preeminent diversified crypto financial services holding company, driving the adoption and

growth of the digital asset and web3 economy globally

NASDAQ-listed: CNCK

Major

2

shareholder

TSE Prime: 8698

83%1 Ownership

100% owned

Europe-based Crypto Prime Brokerage

100% owned

Leading Japanese crypto exchange

100% owned

Global crypto staking services provider

1: As of September 30, 2025. 2: Acq uisition completed in October 2025.

Growth Strategy: Basic Policy

As tokenization using blockchain technology is expected to expand across industries, we aim to become a Global Integrated Tokenized Financial Service Provider

Current state and future vision of financial assets/IP Direction and Initiatives

Current State Future vision

A tokenized world must be borderless and aligned with global

Borderless

Each country and region sets its own regulations and rules for the trading of financial assets and IP, creating significant

With tokenization enabling 24-hour trading and interoperability, regulatory frameworks and rules across

standards.

countries and regions will

converge into a unified system

constraints.

Asset type

Administrators

Different regulations, rules, and regulators/operators exist for accessing financial assets and IP

Independent regional regulations, rules, and regulators/operators will be integrated into one unified framework

Coincheck Group will continue pursuing global M&A to acquire the capabilities required in such a world, aiming to provide Integrated Tokenized Financial Services, and maximizing intra-group synergies

Acquired Potential Acquisition area

Individuals / Corporations /

Institutional Investors, etc.

Individuals / Corporations /

Institutional Investors, etc.

Strengthening Institutional Services and Synergies

The acquisition of digital asset prime brokerage Aplo marks Coincheck Group's first geographic expansion outside

of Japan and strengthens institutional investor service offerings

&

• Digital asset prime brokerage for institutional crypto investors

• Headquartered in Paris, France

• Europe-based with 60+ active global institutional clients

• Strong regulatory foundation: Registered with French financial marketplace regulator AMF

• Advancing under MiCA framework

Ongoing discussions

Pursuing synergies intra-group and beyond

Please refer to the press release published by Coincheck Group N.V. on date of closing: October 14, 2025

Coincheck Group FY 2026 Q'2 Update Performance

Number of verified accounts

2.42

2.10

(in million)

Q2'25 Q2'26

Gross Margin1

$26.3

$13.7

(in USD million)

Total revenue1

$899.5

$475.4

$475.4

$0.1

$893.6

$5.9

(in USD million)

Q2'25 Q2'26

Revenue Other revenue

Adjusted EBITDA2

$10.0

$1.7

(in USD million)

Business Highlight

&

Acquisition of Paris, France, based digital asset prime brokerage marks first geographic expansion outside of Japan and strengthens institutional investor service offerings.

Q2'25 Q2'26

Q2'25 Q2'26

Note: Figures in JPY converted to USD based on exch ange rate of 147.97 JPY per 1.00 USD reported by the Federal Reserve Bank of New Yo rk as of 9/30/2025; Coincheck FY ended 3/31; 1 Gross margin is defined as total reven ue less cost of sales.

2 Adjusted EBITDA is a non-IFRS metric. Please refer to slide 25 for a recon ciliation to its most comparable IFRS metric

Coincheck Group Results for FY 2024, 2025, & 2026 Q1-Q2

Note: Figures in JPY converted to USD based on exch ange rate of 147.97 JPY per 1.00 USD reported by the Federal Reserve Bank of New Yo rk as of 9/30/2025; Coincheck FY ended 3/31; 1 Does not include NFTs deposited by custo mers; 2 EBITDA and

Adjusted EBITDA are non-IFRS metrics. Please refer to slide 24 for a reconciliation to their most comparable IFRS metric;3 Adjusted EBITDA figure, which excludes listing fee s and professio nal fees in connection with the rev erse capitalization. Adj. EBITDA

is a non-IFRS metric. Please refer to slide 24 for a reconciliation to its most comparable IFRS metric

Recent Business Highlights

M&A Activity

&

Coincheck app

Coincheck Staking Strategic Partnership

+108%

QoQ

• Staking revenue

(gross)

Acquisition2 of Paris, France, based digital asset prime brokerage marks first geographic expansion outside of Japan and strengthens institutional investor service offerings.

Cumulative app downloads1

7.7m+

During the first half of 2025, the Coincheck app continued to lead the domestic market in app downloads

$0.4m

Q4'25 Q1'26 Q2'26

"Coincheck Staking" launched in January 2025, allowing users to automatically earn Ethereum (ETH) simply by depositing ETH with Coincheck for staking rewards.

Strategic partnership with Mercoin, Inc. announced in Aug 2025; expected launch in H1 2026.

A frictionless UX enables mercoin users to trade additional crypto assets and create a Coincheck account without leaving the Mercari mobile app (~23m MAU)1

Note: Figures in JPY converted to USD based on exchange rate of 147.97 JPY per 1.00 USD reported by the Federal Reserve Bank of New York as of 9/30/2025. 1: As of September 30, 2025. Based on cumulative download rankings for domestic

cryp to asset trading apps. Period: Jan 2019-Dec 2024. Source: AppTweak. 2: Transaction closed October 14, 2025.

Significant Crypto Market Tailwinds BTC price evolution1 over the past 10 years Notable global market developments

+47,862%

$114,024*

$120,000

$100,000

$80,000

$60,000

$40,000

$20,000

$0

Oct-15 Oct-17 Oct-19 Oct-21 Oct-23 Oct-25

1Source: CoinGecko. Note: As of Sep 30, 2025

Global Crypto Market Landscape Global cryptocurrency market cap1

Despite periods of volatility, the crypto asset market has experienced significant growth, surpassing a $4 trillion market cap, driven by maturing infrastructure and increasing convergence with traditional finance

Diverging US/Japan Strategies2 Crypto Adoption by Market Snapshot3

Japan's digital asset adoption remains relatively low, representing significant growth opportunity by catching-up to economic peers

Diversified global crypto companies

Private crypto exchanges with Japan presence

Crypto-adjacent FinTechs

1: As of September 30, 2025. 2: Note: Logos are representative of firms in each category and may not be exhaustive. 3: So urce : "The 2024 Geography of Crypto Report" by Chainanalysis, October 2024. Represents the index of crypto adoption in 151 countries, calculated based on on-chain cryp tocurren cy value received at centralized services, o n-chain retail value receive d at centralized services, on-chain crypto curren cy value received at decentralized finance protocols, and on-chain retail value receive d at DeFi protocols, with the index normalized on a scale from 0 (lowest rank) to 1 (highest rank).