PANews
PANews|Feb 12, 2026 15:40
[Coincheck Q3 Revenue Up 17% Year-on-Year, CEO to Pass the Baton to 3iQ Head at Fiscal Year-End] According to Business Wire, Japanese cryptocurrency exchange and Nasdaq-listed company Coincheck Group announced its financial results for the third quarter of the fiscal year ending March 2026: total revenue increased 17% year-on-year to approximately 143.5 billion yen (approximately $915 million), up 8% quarter-on-quarter. However, due to a decline in trading volume, gross profit fell 20% year-on-year to approximately 3.833 billion yen. Marketplace trading volume for the quarter dropped 25% year-on-year to approximately 87.7 billion yen, and customer asset balances decreased 17% year-on-year to approximately 948.5 billion yen. Nevertheless, net profit turned around from a loss of approximately 15.445 billion yen in the same period last year to a profit of 405 million yen. The company also announced that CEO Gary Simanson will step down on March 31, with current Chief Growth Officer and 3iQ CEO Pascal St-Jean set to take over starting April 1.
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