Mercari, a privately-held Japanese C2C marketplace apps developer, plans the FSA registration for the virtual currency exchange business via its financial service subsidiary merpay likely in this year, according to a report published last week.
Mercari has more than 100 millions downloads worldwide in last December. Users could use cryptocurrencies such as Bitcoin for the payment. The number of virtual currency exchange is 16 in Japan, registered by FSA as of December 2017.
The report also cited merpay’s President Naoki Aoyagi saying that Initial Coin Offering(ICO) could be of interest if the project brings a social benefit.
Meanwhile, it is also reported today that Mercari eyes listing on the Tokyo Stock Exchange’s Mothers, with its expected market cap of about JPY 200 billions (USD 1.8billions) around June.