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  • The Japanese trading platform will support BTC and ETH.
  • Marginal trading will be available for  Litecoin, XRP and Bitcoin Cash. 

The owner of the second largest search engine, Yahoo! says that its proprietary cryptocurrency exchange Taotao will go live this week. According to the announcement posted on Twitter, the platform will be launched into operation on May 30 at noon by local time. 

At the initial stage, the trading platform will support operations with Bitcoin and Ethereum. However, the users will also have access to margin trading with Litecoin, XRP and Bitcoin Cash.

The company first announced the decision to launch a cryptocurrency exchange in March 2018. For that purpose, Yahoo! Japan acquired 40% of the Tokyo-based cryptocurrency exchange BitARG for 2 billion yen (over $18 million).

Taotao started onboarding clients in March 2019. The early adopters had a chance to register an account beforehand and participate in a dedicated promotional campaign. 

The platform has obtained regulatory approval from the Japanese Financial Service Agency (FSA). Also, it is a member of the Japanese self-regulatory body Japan Virtual Currency Exchange Association (JVCEA).

Yahoo! has joined the ranks of large Japanese corporations seeking exposure to the cryptocurrency trading industry. Thus a retail giant Rakuten stated onboarding clients for its cryptocurrency exchange that is expected to go live in June.
 

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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