Japanese Crypto Exchange TaoTao goes live in two days! TaoTao, a crypto exchange who boasts Yahoo Japan as a major owner, is set to launch after over a year in development.
TaoTao announced on Twitter that it would go live on Thursday, May 30th, at midday local time.
【営業開始日についてのお知らせ】
お待たせいたしました☺️
仮想通貨取引所「TAOTAO」のサービスを2019年5月30日（木）正午（予定）より開始いたします！
営業開始まで今しばらくお待ちくださいませ。#TAOTAO #仮想通貨— TAOTAO (@taotao_ex) May 27, 2019
According to their website, the exchange will be offering a mobile app, an online platform, and will offer Bitcoin and Ether trading at launch.
Leverage will be available for interested traders, with XRP, Litecoin, and Bitcoin Cash as additional options.
TaoTao will be regulated as a virtual currency exchange business under the Japanese Financial Services Agency – in fact, TaoTao proudly displays its registration number of 00001.
Early registration was possible due to the exchange’s previous FSA-licensed platform, the BitARG exchange. Yahoo Japan bought a 40% stake in last March. It was then reported by Nikkei Asian Review that Yahoo Japan aimed to develop a new exchange platform using BitARG’s technology. TaoTao’s website indicates that CMD Lab Inc holds the remaining 60% stake of TaoTao.
Yahoo Japan is a completely separate entity from Yahoo Inc., its US counterpart. SoftBank Corp is a major investor of Yahoo Japan, and they see continuous profits for their investment.
What do you think? Despite some delisting of tokens, we’ve seen a phenomenal week in the market! We’ve seen coins skyrocket up and Bitcoin shooting past 6k! Let us know on our Facebook page!
