Coincheck Group N.V. ( CNCK ) , the holding company of leading Japanese cryptocurrency exchange Coincheck ( CNCK ), reported a 75% jump in revenue for the fiscal third quarter on Wednesday. 

What happened: The company's quarterly revenue soared to $785 million, up from $448 million disclosed in the second quarter, according to a press release.

The trading volume more than doubled to $785 million quarter-over-quarter, while customer assets increased by 72% to $6.9 billion. 

That said, Coincheck ( CNCK ) recorded a loss of $98 million during the quarter, driven by sales expenses.

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The Tokyo-headquartered firm merged with Thunder Bridge Capital Partners IV in December to become a Nasdaq-listed company. It is one of the few companies on Wall Street with cryptocurrency trading as its core business.

Coincheck ( CNCK ) is one of Japan’s biggest cryptocurrency exchanges, supporting premium assets like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).

Price Action: Shares of Coincheck ( CNCK ) tumbled 7% to close at $7.030 during Wednesday’s regular trading session, according to data from Benzinga Pro. 

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