Yahoo Japan is planning to buy 40% stake in the Tokyo-based cryptocurrency exchange BitARG. According to an undisclosed source, the deal could be approximately in between 2 billion-3 billion yen. The company released a statement saying that it will buy 40% stake in the crypto exchange and will line up its services sometime in the autumn this year.<\/p>\n
The last few days have been quite good for the crypto-market with lots of positive things happening all around. In the last couple of days, around 20% institutional players from the retail exchange have made an entry into the cryptocurrency trading. Similarly, the valuation of the crypto markets has increased by over $70 billion.<\/p>\n
And this decision by the biggest online auction company of Japan to buy stakes in the BitARG crypto exchange is a big one. Yahoo Japan is also a highly reputed Financial Service provider in the country. Incidentally, Yahoo Japan is buying the minority stake through its fully-owned subsidiary Z Corporation. BitARG has confirmed that it is allowing this minority stake deal with Z Corporation.<\/p>\n
Prior to this announcement and confirmation, Nikkei Asian Review reported last month about this decision of Yahoo Japan to invest in 40% stake of BitARG with plans to go a step further and launch a full-blown exchange next year in April. However, at that time BitARG did not support the story saying that it was studying various possibilities such as business tie-ups with other companies, capital and hence was not sure of its decision.<\/p>\n
\u00a0New Changes And Announcements<\/strong><\/p>\n Prior to taking this decision, BitARG also took steps to get a license from the Financial Service Agency (FSA) of Japan so that it could launch itself as the domestic cryptocurrency trading platform. Apart from buying a minority stake in BitARG, Yahoo Japan is also planning to increase its stake in the cryptocurrency company by 2019 and become a major operator in BitARG\u2019s operations.<\/p>\n There are several other companies who have slowly started showing their interest in the cryptocurrency trading. Monex, the major online brokerage company of Japan recently bought 100% stake of an ailing cryptocurrency exchange Coincheck whereas banking giant of Japan SBI is all set to venture into the cryptocurrency world with a launch of its own exchange.<\/p>\n","protected":false},"excerpt":{"rendered":" Yahoo Japan is planning to buy 40% stake in the Tokyo-based cryptocurrency exchange BitARG. According to an undisclosed source, the deal could be approximately in […]<\/p>\n","protected":false},"author":12,"featured_media":40759,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[13113,13023,13114,141],"stock_ticker":[],"class_list":["post-40758","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-bitarg","tag-cryptocurrency","tag-fsa","tag-yahoo","entry"],"acf":[],"yoast_head":"\n