Mercari

About

Mercari is a licensed Australian wholesale exchange operating Tier 1 derivatives markets and publishing Australia-focused crypto reference rates while developing regulated crypto-asset and institutional derivative products.

Mission

Mercari operates a Tier 1 wholesale Australian financial exchange for the trading of derivatives. It has been licensed since 2005 as an exchange market operator and holds an Australian Financial Services Licence (AFSL #229935). On January 27, 2022 Mercari launched the Mercari DAR Crypto Reference Rates priced in Australian dollars as local AUD crypto asset benchmarks for Australia and Asia. The company closed a Series A fundraising round to expand its current activities and to develop new institutional product solutions, including crypto-assets and regulated cryptocurrency products. The raise is intended to expedite development of crypto-asset offerings, including derivatives, and to broaden its regulated derivative financial markets. Investors named in the round include Digital Currency Group, MCR Unlimited, Jeff Yew (founder and CEO of Monochrome Asset Management and former CEO of Binance Australia), DCA Global Derivatives management, and Dragon Tree Capital Australia.

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