PANews reported on February 13 that according to Cointelegraph, Japanese crypto exchange Coincheck had revenue of US$782 million in the third quarter of fiscal year 2024 (October 1 to December 31), a 75% increase from US$447 million in the previous quarter. However, due to sales and administrative costs of US$751 million, the company still reported a net loss of US$98.1 million.

Gary Simanson, CEO of Coincheck Group, the parent company of Coincheck, said that the performance growth was mainly due to the successful merger with Thunder Bridge Capital in December last year and its listing on Nasdaq (CNCK, CNCKW). Coincheck now has 2.2 million verified users, ranks 66th in global trading volume, and has a daily trading volume of approximately US$120 million.

Coincheck was in the spotlight for the $534 million NEM hack in 2018, and subsequently reimbursed users for their losses and continued to advance its IPO plans. The company initially planned to go public in 2023, and finally completed the merger transaction in December 2024 and received $31.6 million in funding.