Tanya Abrosimova
Independent Analyst
- 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.
Recommended Content
Editors’ Picks
Bitcoin eases ahead of key Federal Reserve decision on interest rates
Bitcoin retraces slightly, trading above $59,000 on Wednesday, as crypto markets brace for the upcoming interest-rate decision by the US Federal Reserve (Fed), which is expected to lower interest rates for the first time in more than four years.
Why US citizens can’t participate in airdrops: Top house republicans ask SEC Chair Gary Gensler
Crypto market participants in the United States are excluded from airdrops for legal reasons. Airdrops occur when crypto projects distribute their tokens to holders in a free or discounted manner, sending them directly to their wallet address or inviting eligible users to claim these crypto assets.
DUSK price set for a rally after finding support around key level
Dusk (DUSK), a Layer 1 blockchain protocol that brings classic finance and real-world assets (RWA) on-chain, recovers initial weekly losses and recaptures the $0.210 level, up 5% in the day on Wednesday.
Binance addresses WazirX and Zettai accusations on the July hack
The WazirX team and Nischal Shetty continue to mislead customers about a $230 million hack in July, according to Binance. On Tuesday, crypto exchange Binance addressed “inaccurate and misleading statements” from Zettai and WazirX regarding Binance.
Bitcoin: On the road to $60,000
Bitcoin price retested and bounced off from the daily support level of $56,000 this week. US spot Bitcoin ETFs posted $140.7 million in inflows until Thursday and on-chain data supports a bullish outlook.
Moneta Markets review 2024: All you need to know
VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.