Coincheck operates a cryptocurrency exchange platform and NFT marketplace primarily serving retail investors in Japan, offering trading in multiple digital assets, custody services, and staking rewards through an accessible mobile-first interface. The company has expanded beyond its core retail exchange business into institutional asset management through acquisitions, now offering exchange-traded funds, managed portfolios, custody, and crypto derivatives to institutional clients globally. Revenue is generated primarily through transaction fees and spreads on cryptocurrency trading, transfer fees, and management fees from asset management services charged as a percentage of assets under management plus performance-based fees.