Mercari Exchange Australia Announces Completion of Series ‘A’ Fundraising to Expedite Development of Crypto-Asset Offering including Derivatives

Mercari, which operates a Tier 1 wholesale Australian financial exchange for the trading of derivatives, announced today the closing of a fundraising round to enable it to further expand its current activities and, additionally, to develop new institutional product solutions, including crypto-assets.

Investors in the round include Digital Currency Group, an established leader and investor in the crypto and blockchain asset class; MCR Unlimited, a private investment group with expertise in innovative financial platforms, products and services; Jeff Yew, the founder and CEO of Monochrome Asset Management and former CEO of Binance Australia; DCA Global Derivatives management; and Dragon Tree Capital Australia.