Yahoo! Japan has confirmed that it’s getting into the crypto area by buying a stake in a Japanese cryptocurrency trade that’s already licensed by the nation’s monetary regulator. The corporate plans to launch a crypto trade in the fall of this yr.
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Yahoo! Enters the Crypto Space
Yahoo! Japan Company (TYO: 4689) introduced on Friday that it’s getting into the cryptocurrency area. The corporate expects to launch an “easy-to-use trade” for cryptocurrencies in the fall of this yr, Nikkei elaborated.
Based in January 1996 as a three way partnership between Yahoo! and Japanese multinational conglomerate Softbank, Yahoo! Japan continues to dominate the Japanese web business whereas Yahoo! has been declining in recognition since the late 2000s.
By its wholly owned subsidiary Z Company, Yahoo! Japan confirmed the buy of a 40 p.c stake in a crypto trade referred to as Bitarg Trade Tokyo Co….