Japanese crypto currency exchange Taotao confirmed its launch on 30 may


The Japanese bitcoin exchange Taotao, which is 40% owned by Internet giant Yahoo will launch its trading platform on 30 may, at the initial stage of proposing to trade Bitcoins (BTC) and Ethereum (ETH), reports Cointelegraph.

Margin trading will also be available in Litecoin (LTC), Ripple (XRP) Bitcoin and Cash (BCH) in addition to BTC and ETH.

It has been over a year since then, as Yahoo in April 2018 has completed a deal to buy 40% stake in the exchange, which was then called BitARG. The company paid rumored to be 2 billion yen for the stake, demonstrating her growing interest in Japanese cryptocurrency sector.

Taotao originally planned to debut on the market in mid-may, but was postponed at the last minute to run, without naming of reasons.

The Japanese stock market on the rise

As reported by Cointelegraph, the ongoing bullish trend in cryptocurrency market, which began in April, caused a surge of popularity among Japanese traders. Last week some Japanese cryptoplasm reported a threefold increase in the number of registrations of new accounts.

Regulators, meanwhile, continue to strictly control the stock market after several hacks of exchanges in the past year, the largest of which was the hack Coincheck, with the loss of more than half a billion dollars.

Japanese financial services Agency has announced that it will conduct strict control of the activities of the exchanges anti-money laundering (AML) on the eve of international inspection by the Financial Action Task Force.

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Label: Taotao Yahoo


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