A new crypto exchange backed by Yahoo! Japan is reportedly gearing up to launch in May.
To entice users to sign up, Taotao is offering a giveaway to users who pre-register.
— TAOTAO（タオタオ）暗号資産/仮想通貨取引 (@taotao_ex) March 25, 2019
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.