Japan’s Financial Giant SBI Acquires Crypto Exchange TaoTao after Failed Binance Bid

2020-10-8 10:55

Coinspeaker
Japan’s Financial Giant SBI Acquires Crypto Exchange TaoTao after Failed Binance Bid

On Wednesday, October 7, the Japanese financial services group SBI announced the acquisition of local crypto exchange TaoTao. This news comes just two days after TaoTao announced ending partnership talks with Binance, on Monday.

SBI acquired 100% of the shares of the regulated crypto exchange TaoTao from Z Corporation for an undisclosed amount. Although the price of acquisition and other details are yet not public, TaoTao said that it will function as a wholly-owned subsidiary of SBILM. “Going forward, we will maximize the strengths of the SBI Group and the customer base and service know-how of crypto assets that TaoTao has cultivated so far to provide the latest, safe and secure crypto asset trading services,” it added.

The SBI Group has been an active participant in the crypto markets for the last few years. It also has its own licensed crypto exchange dubbed SBI VC Trade. In the press release, the SBI Group mentioned that the TaoTao acquisition will help it to expand its business further. The SBI Group wrote:

“In the future, we will make maximum use of the management resources such as know-how and knowledge of the SBI Group as a comprehensive financial group and the customer base and service know-how of the crypto assets that TaoTao has cultivated so far, and the latest, safe and secure crypto assets. We will provide trading services.”

SBI’s CFD Trading for Crypto

As said the SBI Group has been an active player in the crypto space. Earlier in August 2020, the SBI Group announced a CFD trading facility for cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and XRP.

The crypto CFD trading service is offered by the SBI Group via its forex wing SBI FX Trade. SBI is the first forex trading platform in Japan to introduce the CFD crypto trading facility in the country. This new trading facility allows SBI users to trade crypto CFD contracts against the United States dollar (USD) and the Japanese Yen (JPY). The SBI forex-trading platform supports up to six new trading pairs.

CFD Tradings stands for contract for difference transactions and allows users to speculate the crypto price movements against USD and JPY. The crypto CFD trading on SBI is available 24 hours, seven days a week.

Japan’s Financial Giant SBI Acquires Crypto Exchange TaoTao after Failed Binance Bid

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0063941 (-100%)

crypto sbi taotao giant binance failed japan

Источник: coinspeaker.com

crypto sbi → Результатов: 126


Фото:

SBI VC Trade adds XRP to its recently-launched crypto lending service

SBI VC Trade, the crypto arm of SBI Holdings, a leading Japanese conglomerate, has expanded its crypto lending service by adding XRP. The company unveiled this news on February 4 through an official announcement, noting that this service will offer XRP holders a chance to earn interest by depositing their coins on the VC Trade […] The post SBI VC Trade adds XRP to its recently-launched crypto lending service appeared first on Invezz.

2021-2-5 23:26


SBI Crypto Investment проинвестировала создателей криптокошелька BRD на $15 млн

Принадлежащая токийской SBI Holdings венчурная компания SBI Crypto Investment проинвестировала компанию-оператора мобильного криптокошелька BRD на $15 млн в раунде финансирования серии В. Таким образом, общий объем инвестиций в компанию составил $55 млн.

2019-1-26 15:30


SBI Holdings инвестировала $15 млн в криптостартап Tangem

SBI Crypto Investment — дочерняя компания японского финансового конгломерата SBI Holdings — инвестировала в криптовалютный стартап Tangem, который занимается выпуском умных bitcoin-банкнот. Об этом сообщает Finance Magnates.

2019-1-21 16:51


Фото:

SBI Holdings инвестировала $15 млн в разработчика смарт-банкнот BTC

Стартап Tangem, производитель криптобанкнот-кошельков для блокчейн-активов, привлек $15 млн инвестиций от SBI Crypto Investment — венчурной компании, полностью принадлежащей SBI Holdings. Согласно пресс-релизу Tangem, финансирование будет способствовать “прорыву в массовом внедрении технологии блокчейн”.

2019-1-21 15:37


SBI Crypto продолжает продвигать блокчейн

Tangem известен как разработчик инструментов для криптоиндустрии, таких как “умные” банкноты и кошельки. На данный момент стартап сфокусирован на новых сферах интеграции DLT-технологий, где существуют крайне максимальные требования безопасности по отношению к конфиденциальности информации.

2019-1-22 14:50


Производитель биткоин-банкнот Tangem привлек $15 млн от японской SBI Crypto Investment

Управляемая японской корпорацией SBI Holdings Inc инвестиционная компания SBI Crypto Investment Ltd. инвестировала $15 млн в сингапурский стартап Tangem, занимающийся выпуском биткоин-банкнот. Об этом компания сообщила в официальном анонсе.

2019-1-21 13:34


Фото:

Стартап Tangem получил $15 млн от SBI

Компания Tangem, которая занимаетося выпуском «умных» банкнот и кошельков на базе смарт-карт, получила $15 млн финансирования от инвестиционной компании SBI Crypto Investment Ltd.

2019-1-21 11:40


Японский финансовый гигант SBI инвестировал в швейцарский криптокошелек Breadwinner

SBI Crypto Investment, дочерняя компания японского финансового конгломерата SBI Holdings, инвестировала денежные средства в швейцарскую криптовалютную компанию-разработчика криптокошелька BRD — Breadwinner AG.

2019-1-16 11:57


Crypto exchange VCTRADE implements Bitcoin (BTC), Ethereum (ETH) and XRP (XRP) deposits

VCTRADE, a crypto exchange launched by Japanese financial giant SBI Holdings, has implemented Bitcoin (BTC), Ethereum (ETH) and XRP (XRP) deposits, Cointelegraph reported. The exchange, which was launched for pre-registered users in June and for public in July, is considering adding Bitcoin Cash (BCH) deposits after further evaluation of the cryptocurrency. SBI has also explained […]

2018-12-24 13:44


Japan’s SBI Virtual Currencies Allows BTC, ETH and XRP Inter Crypto Exchange Transfers

This outlet had recently published the subtle shift of crypto focus from the Western to the Eastern economies. This is primarily due to the lethargy of most western nations towards implementing regulations and the prompt action taken by eastern countries in adopting and ensuring a favorable working clime for the digital assets. In a step […]

2018-12-22 11:06


Фото:

Exchanges Roundup: SBI to Develop Wallet, Huobi Targets New Markets

In recent news pertaining to cryptocurrency exchanges, SBI Group has unveiled a partnership with Sepior that will see the companies jointly develop a proprietary wallet, Huobi has announced it is establishing an operational base in Dubai to target the African, Middle Eastern, and South Asian cryptocurrency markets, and Trijo, a Swedish crypto exchange, has received […] The post Exchanges Roundup: SBI to Develop Wallet, Huobi Targets New Markets appeared first on Bitcoin News.

2018-10-27 22:00


Фото:

Learn How RippleNet Has Transformed The Lives Of Workers In Japan

Learn how SBI Remit and Siam Commercial Bank partnered on RippleNet to deliver better remittance services and lower fees for Thai workers living in Japan. https://t. co/S2y43ZOKZ0 — Ripple (@Ripple) 3 August 2018 In partnership with SBI Holdings, via the RippleNet solution, remittance payments to Thai workers within Japan have been totally reformed, creating a faster and more accurate payment service that is proving to be very beneficial to those workers within Japan who are benefitting from the technology.

2018-8-6 13:00


«Дочка» SBI Holdings сделала первый шаг к запуску криптовалютного рынка деривативов

SBI Crypto Investment, «дочка» японской корпорации SBI Holdings, приобрела 12% акций разработчика технологий для цифровых рынков Clear Markets, базирующегося в Северной Каролине. Об этом пишет Asia Review.

2018-8-2 11:37


SBI Crypto Investment Purchases Stake in Clea Markets, Plans For Crypto Derivates Launch

SBI Planning To Launch Cryptocurrency Derivates Market SBI Holdings, a parent company of SBI Crypto Investment, has been working to enter the cryptocurrency market. Its most recent move is its plan to launch a cryptocurrency derivatives trading market and if the platform’s efforts are successful, virtual currency enthusiasts may find the improved liquidity and diverse […]

2018-8-1 19:54


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Yahoo! Japan and CMD Lab-Backed Crypto Exchange TaoTao Launches This Week

Coinspeaker Yahoo! Japan and CMD Lab-Backed Crypto Exchange TaoTao Launches This WeekYahoo! Japan and CMD Lab Inc will launch a new cryptocurrency exchange platform, dubbed TaoTao on May 30 in what is Yahoo!’s first crypto-related project and also a first by a large Web services company.