Coincheck reported a rise in net loss for its third-quarter 2025 results on February 12th, mainly due to the increase in sales expenses.
According to the platform’s press statement, Coincheck reported a $98 million loss for the quarter compared to a Net Loss of $97,218 in the second quarter of 2025.
The widened losses likely dampened investor sentiments, making the stock of the firm trade lower. Data shows that during Wednesday’s normal trading session, Coincheck’s shares fell 7% to settle at $7.030.
Coincheck Reports Rise in Revenue
The firm also reported that the company’s quarterly revenue increased to $785 million from $448 million reported in the second quarter.
Additionally, quarter-over-quarter, the trade volume more than quadrupled to $785 million, and customer assets climbed 72% to $6.9 billion.
In the third quarter of 2025, customer assets climbed 72% to ¥1,095 billion ($6.9 billion), up from ¥639 billion ($4.0 billion) in the second quarter. In the third quarter of 2025, there were 2,197,619 Verified Accounts, up 4.6% from 2,100,374 in the second quarter.
Also Read: Coincheck To List On NASDAQ In Historic Move For Japanese Crypto Exchanges
Coincheck’s Market Hold
Based in Japan, Coincheck is a well-known cryptocurrency exchange that provides a platform for trading a variety of digital assets, such as Bitcoin, Ethereum, and other altcoins. Since its founding in 2014, it has developed into one of Japan’s top exchanges, renowned for its safe services and easy-to-use interface.
Coincheck offers a number of features, including margin trading, spot trading, and an easily accessible mobile app. The exchange has experienced difficulties in the past, such as a significant hack in 2018 that cost $534 million in NEM coins.
Since then, though, Coincheck has improved its security protocols and won back investor trust. The Financial Services Agency of Japan oversees the platform, guaranteeing adherence to regional regulations and providing a secure setting for bitcoin trading.
Coincheck’s Merger With Thunder Bridge Capital Partners IV
In December, the Tokyo-based business combined with Thunder Bridge Capital Partners IV to list on the Nasdaq. It is among the few Wall Street firms whose primary activity is bitcoin trading.
“We are pleased to report our fiscal 2025 third quarter results, which included strong quarter-over-quarter growth in Total Revenue of 75% from ¥70.3 billion to ¥ 123.1 billion,” said Gary Simanson, CEO of Coincheck Group.
They add, “These results reflect the successful closing of our business combination with Thunder Bridge Capital Partners, IV, Inc. (“Thunder Bridge IV”) on December 10, 2024, and our ability to build one of the preeminent global crypto and Web3 companies in the world, and well positions us for future growth in a large and rapidly growing market.”
Also Read: Japanese Crypto Exchange Coincheck Approved By U.S SEC To Be Listed On American Stock Market
Coincheck’s Results Come As Wider Market Sees Revival of Trading Volumes
Coincheck’s results comes as the wider market has witnessed a rise in adoption and trading volumes, despite the fact that several exchanges are still under examination, especially with regard to security and compliance.
Retail and institutional investors now have more confidence in crypto enterprises because to regulatory frameworks like Europe’s MiCA.
Additionally, the popularity of cryptocurrencies has been further cemented by developments in blockchain technology and DeFi. In order to stay competitive, exchanges are concentrating on enhancing security, transparency, and user experience, despite sporadic instability.
Also Read: Japan Considers Diversifying Reserves with Bitcoin Amid Nation’s Rise in Userbase