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Blocktempo.com reported. In April last year, Yahoo Japan acquired a stake in BitArg Exchange Tokyo, claiming to develop its own cryptocurrency exchange with BitArg technology. Today, the new exchange platform Taotao will be available in the morning of May 30th.

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The new trading platform is called "Taotao". According to the transaction announced on its official Twitter, the platform will be released on Thursday, May 30th to launch trading services.

According to the Taotao Exchange website, in addition to the online platform, the exchange also provides applications on mobile phones. Users can register in advance. In addition, users who pass the KYC process can start trading when the service is online.

The exchange provides a legal currency channel with 380 banks to provide deposit services. Users can transfer assets to the exchange using an online banking account 24 hours a day, 7 days a week. It is worth noting that no cash is charged for withdrawals and deposits. The exchange specifically noted that the support bank does not include Mizuho Bank and Yucho Bank.

The exchange offers Bitcoin (BTC) and Ethereum (ETH) transactions, and the company also provides exchange leveraged trading, in addition to the original Bitcoin and Bitcoin, it also adds Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH).

The zone previously reported that Z Corporation, a wholly-owned subsidiary of Yahoo Japan, acquired a 40% stake in BitArg Exchange Tokyo for a total purchase price of approximately 2-3 billion yen.

At that time, BitARG had been approved by the Financial Services Authority (FSA) of the Japanese financial regulatory agency. With the two hacking incidents in Japan in 2018, the FSA “retracted the license re-examination and strengthened supervision”, now Taotao said on the official website that they are The number "00011" is an exchange approved by the FSA.

At the time, Yahoo Japan said it would use BitArg Exchange Tokyo's technology to develop a new cryptocurrency exchange, which was launched in the fourth quarter of 2018. After a year, this new trading platform will finally launch its services.

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