2022 / 06 / 17
Press Release

Mercoin Completes Registration as a Cryptocurrency Exchange

Plans to Enable Purchase of Bitcoins with Mercari Sales Proceeds and More by the End of FY2023

Mercoin, Inc. ("Mercoin") was established on April 28, 2021, as a subsidiary of Mercari, Inc. ("Mercari") to design and develop cryptoasset and blockchain services. Today, June 17, 2022 (Friday), Mercoin is proud to announce that it has completed registration as a cryptocurrency exchange* in accordance with the Payment Services Act. 

*Cryptocurrency Exchange (Registration Number: Director of Kanto Local Finance Bureau No.00030/Date of Registration: June 17, 2022)

Having successfully registered as an official cryptocurrency exchange, Mercoin will begin enabling users to exchange proceeds and points earned from their sales on the Mercari app, as well as their Merpay balance, for bitcoins. The company plans to implement this change by the end of FY2023. Also, in addition to providing payment, fund transfer, and credit services through Merpay, Mercoin aims to create an environment that makes financial services even more convenient for users by allowing them to purchase and manage cryptoassets all on the same platform. 

Moving forward, Mercoin will continue to take on bold new challenges in the fields of cryptoassets and blockchain technologies.