Taotao, a Japan-based cryptocurrency exchange, owned by 40% owned by a subsidiary of Yahoo! Japan, plans to start trading a limited range of cryptocurrencies including Bitcoin (BTC) and Ethereum (ETH) in May.
 
As reported by Cointelegraph Japan on March 25, Taotao will initially trade BTC and ETH with margin positions available in three additional cryptocurrencies: Litecoin (LTC), Bitcoin Cash (BCH) and Ripple (XRP). Willing users can now sign up for an account and participate in a promotional giveaway scheme.
 
Originally introduced in March 2018, when Yahoo! Japan revealed that its plans to acquire a major stake in the exchange through its subsidiary, YJFX. At the time a source suggested that the purchase cost the company around 2 billion yen (then  $19 million). The said offering will mark Yahoo’s first foray into the cryptocurrency exchange world.
 
Taotao, formerly known as BitARG has already gained regulatory approval to launch on the Japanese market. Japan has been strictly monitoring the entities wishing to launch exchanges, after several infamous hacks that have given the industry some bad name.  While in April 2017 a licensing scheme was introduced the attacks and thefts continued.
 
In January 2018, Coincheck became the victim of the largest attack involving tokens worth over half a billion dollars. The exchange has since managed to return to the market following a buyout.

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