Row 3
Kula (King of Fighters or Anyother SNK Game she appeared in)
Batsu (Rival Schools)
Chrom (Fire Emblem)
Peach (Super Mario)°
Nightmare (Soul Calibur)
Jin (Tekken)
Q (Street Fighter)
Juggernaut (Marvel Comics)°
Daisy (Super Mario)°
Shang Tsung (Mortal Kombat)
Siegfried (Soul Calibur)
Ragna The Bloodedge (BlazBlue)
Sol Badguy (Guilty Gear)
Cody (Final Fight/Street Fighter)

Row 4
Simon Belmont (Castlevania)
Urien (Street Fighter)
Segata Sanshiro (Japanese Sega Saturn Ads/Sega)
Arthur (Ghosts & Goblins)°
Asuna (Sword Art Online)°
Crash Bandicoot (Crash Bandicoot)
TheWilluigiBigmak/Willuigi Ware Inc.°
Bowser (Super Mario)°
Captain Falcon (F-Zero)°
Captain America (Marvel Comics)°
Cell/Perfect Cell (Dragon Ball)
Solid Snake (Metal Gear Solid)
Poison (Final Fight/Street Fighter)
Strider Hiryu (Strider)°

Row 5
Knuckles (Sonic The Hedgehog)°
Spencer (Bionic Commando)
Jago (Killer Instinct)
Oni (Street Fighter)
Chun-Li (Street Fighter)°
Cloud (Final Fantasy)°
Mai (King of Fighters/Anyother SNK Game she appears in)°
Reptile (Mortal Kombat)
Akuma (Street Fighter)°
Terry (King of Fighters/Fatal Fury)°
Dan (Street Fighter)°
War-Machine (Marvel Comics)
Rolento (Final Fight/Street Fighter)
Ingrid (Capcom Fighting Evolution/Capcom Fighting Jam)

° = Returning Character (Appeared in any version of the first game from 1.0 to 2.5)