Yahoo Japan Plans to Launch Cryptocurrency Exchange

  • David Dinkins
    📰 News

    Yahoo Japan will soon buy 40% of an existing Japanese crypto exchange and parlay their technology into something even bigger.

Yahoo Japan Plans to Launch Cryptocurrency Exchange

Yahoo Japan will be launching its own cryptocurrency exchange, according to reports from Nikkei Asian Review. The company will soon be taking a 40% ownership stake in BitARG, a digital currency exchange that’s already licensed by Japan’s FSA. Yahoo Japan will ultimately use BitARG’s technology to set up an exchange of their own. Japan is a lucrative market for cryptocurrency exchanges, since the country is the largest Bitcoin market in the world. Over 50% of all Bitcoin transactions are denominated in Japanese yen.

Cover image via u.today
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About the author

David Dinkins is a freelance writer who holds a Master of Arts in history from Louisiana Tech University and has extensive teaching experience both at LSU – Shreveport and University of Phoenix. He got involved with cryptocurrency in early 2014 working as part of the Dash Core Team and have served in the role of writer/editor (mostly editor) during that time. He has edited a huge number of documents for the Core Team, including the Evolution whitepaper, the PrivateSend whitepaper, and many of Evan Duffield’s communications with the Dash Community.

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