Yahoo Japan is Buying 40% Stake in Cryptocurrency Exchange

Yahoo Japan is set to buy a minority stake in Tokyo-based cryptocurrency exchange BitARG with services primed for launch later this year.

In significant news out of Japan on Friday, a domestic subsidiary of Yahoo Japan will be acquiring 40% of Tokyo-based cryptocurrency exchange BitARG, paving the way for the tech giant to enter the crypto sector. Yahoo Japan remains among the most popular websites in Japan – ranked at #4 by user traffic in the country and #40 globally – and is also the country’s biggest online auction site. ARG announced it would accept the minority takeover from ‘Z Corporation’, Yahoo Japan’s wholly owned subsidiary.

Reference: https://www.ccn.com/confirmed-yahoo-japan-is-buying-40-stake-in-cryptocurrency-exchange/

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