- 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.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.