Crypto Exchange Backed by Yahoo! Japan Set for Launch – Bitcoin, XRP, Ethereum, Litecoin and Bitcoin Cash Supported

A new crypto exchange backed by Yahoo! Japan is reportedly gearing up to launch in May.

The platform is called Taotao, and on day one it will support Bitcoin and Ethereum, with margin options available for XRP, Litecoin and Bitcoin Cash, according to Cointelegraph Japan.

To entice users to sign up, Taotao is offering a giveaway to users who pre-register.

https://twitter.com/taotao_ex/status/1110083225584455682

YJFX, a subsidiary of Yahoo! Japan that operates foreign exchange transaction services, revealed plans to purchase a 40% stake in the exchange back in March of last year. At the time, the exchange was called BitARG Exchange Tokyo. Yahoo’s investment was reportedly $19 million.

Taotao will go head-to-head with another crypto exchange set to launch in Japan this year from financial giant SBI, a Ripple partner.

The exchange, which is called SBI Virtual Currencies, has faced a series of delays and is now set to launch in June. It’s scheduled to support Bitcoin, Ethereum, XRP and Bitcoin Cash.

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.