Japanese crypto-exchange Taotao will open access to its trading platform on May 30.
Crypto-exchange Taotao, owned by 40% by Yahoo! Japan will initially offer its users the ability to trade with Bitcoin and Ethereum. In addition, margin trading will be available – there will still be access to such altcoins as Litecoin, Ripple, Bitcoin Cash.
Recall that a year ago Yahoo! Japan began the process of acquiring a part of the BitARG trading platform, which later became Taotao. This deal reportedly cost Yahoo! Japan at ¥ 2 billion (about $ 19 million).
It was expected that the launch of Taotao will take place this month, but at the last moment the date of the event was changed, the true reason remains unclear. It should be noted that the beginning of the bullish movement in crypto-markets was the reason that many new crypto-traders appeared in Japan. So, last week, representatives of some trading platforms reported on an increase in the activity of opening new accounts three times. Regulators, meanwhile, continue to closely monitor the crypto-industry, in particular, after a wave of hacker attacks on the stock exchanges last year, the Coincheck crypto exchange suffered the largest losses.
