Vixton (3840) · RiskMitigated
Decline in custody fee revenue due to falling cryptocurrency prices
First written in FY2019. 1 of 2 entries say "Mitigated", first in FY2020-Q3. Latest entry: FY2020-Q3.
2entries
2years
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Decline in Custody-Fee Revenue Due to Falling Cryptocurrency PricesA theme 1 companies write about · 1 as a headwind · 0 as a tailwind
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- FY2020-Q3MitigatedAnnual report
「In connection with this withdrawal, the license for the custody business, for which rights had been acquired from Bastion Pay, will also be terminated before its expiration.」
The custody business license was terminated before expiration, reducing ongoing exposure to custody fee revenue linked to declines in cryptocurrency prices. - FY2019First statedAnnual report
「Fees from cryptocurrency custody services are calculated based on the fair value of customer assets. Accordingly, a substantial decline in cryptocurrency prices could reduce the fees received by our group and affect its performance.」
The company describes the risk that a substantial decline in cryptocurrency prices could reduce revenue because custody fees are linked to the fair value of customer assets.