SBI Holdings acquires the TaoTao cryptocurrency exchange.

The Japanese financial conglomerate SBI Holdings has become the owner of the TaoTao cryptocurrency exchange. It has been folded into the SBI Liquidity Market subsidiary, according to a press release issued on Wednesday, October 7, statement.< !--more-->

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In addition to TaoTao, the group controls the VC Trade platform. In the SBI Holdings statement, it notes that the purchase of the exchange will improve the quality of its cryptocurrency services:

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\”In the future we will maximize the resources of the SBI Group as a global financial group, as well as the client base and the experience in servicing crypto-asset trading that TaoTao has developed all this time,\” SBI Holdings said.

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Earlier it emerged that talks between Binance and TaoTao about launching a joint platform fell through. This derailed Binance’s plans to enter Japan in 2020.

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