PANews, February 12 — According to Business Wire, Japan-based 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 by 17% year-over-year to approximately 143.5 billion yen (about $915 million), with an 8% quarter-over-quarter increase; gross profit declined by 20% year-over-year to approximately 3.833 billion yen due to decreased trading volume. Marketplace trading volume for the quarter decreased by 25% year-over-year to approximately 87.7 billion yen, customer asset balances decreased by 17% year-over-year to approximately 948.5 billion yen, but net profit shifted from a loss of about 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 taking over from April 1.
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