Coincheck Group reported third-quarter revenue of $915 million, up 17% from a year earlier, as the digital asset platform returned to profitability. Net income reached $2.6 million, compared with a $98.5 million loss in the same period last year. Adjusted EBITDA declined to $9.1 million, reflecting a 25% drop in marketplace trading volume.
Revenue growth was supported in part by the first full-quarter contribution from Aplo, a Paris-based institutional prime brokerage acquired in October, which added $83 million. Customer assets totaled $6 billion, down from prior periods due largely to lower crypto prices rather than reduced token holdings.
The company also announced that CEO Gary Simanson will step down at the end of March, with 3iQ CEO Pascal St-Jean set to take over. The leadership transition aligns with Coincheck’s pending acquisition of nearly full ownership of 3iQ, positioning the firm to expand its institutional asset management footprint.
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