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"Notice of opening date: we were waiting for the launch of the virtual exchange service" TAOTAO "from midday (plan) on May 30, 2019! Please wait a moment until sales begin. "
Japan is one of the world's leading countries in cryptography, but has developed trust issues with trade. Coincheck has lost more than $ 500 million in NEM and Mt. Gox has lost hundreds of millions in BTC.
Binance remains the industry leader, offering fierce competition to YJFX, both by the loyalty of its customers and by the large number of crypto-currencies supported.
How long has the launch of TaoTao progressed?
Yahoo Japan acquired BitARG in 2018 and worked on the closing of the transaction. The launch of the stock market is scheduled for the end of May 2019, despite the recent bear market crypto. Although the amount involved in this transaction was not disclosed, some reports indicate that it was JPY 2 billion (approximately $ 19 million). During the past year, YJFX obtained a license from the Japanese FSA as the agreement was concluded.
業 せ】
た た ☺️
About TAOTAO For the month of 2019 for the month of 30 out of 30
開始#TAOTAO# 想 通貨– TAOTAO (@taotao_ex) May 27, 2019
Very few exchanges hold a permit from the FSA; Bringing this certification can both help build trust in the community and stimulate trade, regardless of market trends.
What does it mean for the adoption of crypto?
It is likely that Yahoo Japan can help propel cryptocurrency into the mainstream by providing a simple and trusted point of sale where users can easily trade.
Limiting the number of crypto-currencies supported can help new users feel overwhelmed and facilitate the learning process. Customers need to focus less on each encryption than on learning the platform and processes.
Which crypto-currencies will be supported by Taotao?
The exchange has been adapted to the needs of Yahoo Japan and its foreign exchange subsidiary. According to rumors, Yahoo's new stock market will focus mainly on BTC and ETH trading. Option trading should be available for LTC, BCH, BTC, ETH and XRP after the Taotao launch. The company announced that it was their initial offers. Other cryptos can also get an inscription on TaoTao.
Yahoo Japan has rejected Taotao's official launch from mid-May to the end of the month, without ever really saying why. Yahoo seems ready for a definitive launch before May 30th. It will probably be difficult to fight against BNB and other major cryptographic exchanges, but Yahoo has many years of research data and preferences that should help them cope with the competition.
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