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Yahoo Owned Japanese Cryptocurrency Exchange Taotao Confirms May 30 Launch

Japanese cryptocurrency exchange Taotao will launch its trading service on May 30, Cointelegraph Japan reported Monday, quoting a social media update.


Taotao, which is 40% owned by internet giant Yahoo! Japan’s YJFX, will initially offer trading in bitcoin (BTC) and ether (ETH).


Margin trading will also be available in litecoin (LTC), XRP and bitcoin cash (BCH) in addition to BTC and ETH.


The start date brings to a close a year-long process since Yahoo! Japan closed the 40% percent equity deal in the exchange, then called BitARG, in April 2018.


The company paid a rumored 2 billion yen for the stake, which comes amid increasing interest in the Japanese exchange sector.


Taotao had originally planned a market debut in mid-May, but postponed the move at the last minute without stating its motivation.

Read More at CoinTelegraph...


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