Yahoo Japan Plans to Launch Cryptocurrency Exchange

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

Fri, 23/03/2018 - 13:10

Yahoo Japan Plans to Launch Cryptocurrency Exchange

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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.

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About the author

David Dinkins

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.