Japanese cryptocurrency exchange Taotao is expected to go live at noon on May 30, as per the company’s official Twitter page.
Notably, the new trading platform is heavily backed by Yahoo Japan, marking the local internet giant’s arrival into the field of crypto. The timing seems to be on point, now that the market has finally shaken off the bear. But how likely is Taotao to dethrone its competitors — both current and those to come — in a complex market such as Japan?
Starting from March 2019, prospective users could sign up for a Taotao account and participate in a promotional giveaway scheme. The platform had originally planned its debut in mid-May but then postponed the launch at the last minute without explaining the reason.
Further Read:
https://cointelegraph.com/news/taotao-yahoo-backed-exchange-enters-japan-market-amid-renewed-interest-in-cryptoJust as the bitcoin and the whole cryptocurrency market can be considered to be bullish right now, many cryptocurrency exchanges of different sizes, variety and colors are all making brisk business and this is making this industry truly lucrative and competitive at the same time. Right now, I am sure that a lot of cryptocurrency exchange projects are underway, some in the drawing board and many in the crowdfunding stage. Taotao is hoping to make a good splash in the huge Japan market and plan to be a leading name in the industry. So good luck to the people behind this Yahoo-backed new player...
