Coincheck posts $915 million Q3 revenue as 3iQ’s Pascal St-Jean set to become CEO
The Block
Coincheck Group reported $915 million in Q3 revenue and returned to profitability while announcing CEO Gary Simanson will be replaced by Pascal St-Jean.Summary
Coincheck Group N.V. announced a return to quarterly profitability, posting third-quarter revenue of $915 million, a 17% increase year-over-year, despite a 25% drop in marketplace trading volume. The revenue growth was partially supported by the inclusion of Aplo, which added $83 million. Net income reached $2.6 million, contrasting with a significant net loss in the previous year's Q3. The company also announced a leadership transition: current CEO Gary Simanson will exit on March 31, and Pascal St-Jean, CEO of 3iQ Corp., is set to take over as incoming CEO. St-Jean's mandate will focus on scaling the group's institutional presence following Coincheck's acquisition of approximately 99.8% ownership of 3iQ.
(Source：The Block)