Home Market Headlines Crypto exchanges continue development through bear market

Crypto exchanges continue development through bear market

Even though crypto asset prices largely remain a shadow of their previous glory, the exchanges continue to develop. Updates came in from a Yahoo Japan subsidiary and eToro.

TaoTao exchange under Yahoo subsidiary

According to a CoinTelegraph Japan report, Yahoo Japan’s daughter company Z Corporation is behind a new crypto asset exchange named TaoTao. Plans include a launch in May 2019.

Yahoo Japan reportedly indirectly holds 40% ownership in the new exchange. CoinTelegraph Japan explained, “Yahoo announced last April that it [would] acquire a 40% stake in the Bit Argo Exchange Tokyo through its subsidiary Z Corporation.” February 2019 saw Bit Argo rebranded to TaoTao, the outlet added.

The media outlet noted TaoTao has achieved Financial Services Agency registration. The exchange plans to host margin trading for bitcoin, ether, litecoin, XRP and bitcoin cash, as mentioned by CoinTelegraph Japan in reference to a TaoTao document.

eToro launches in the US, lists TRON

Earlier this month, notable exchange player eToro announced opening crypto asset trading for U.S. customers, with support in 32 states, CoinTelegraph noted in a March 7 article. eToro unveiled trading support for 13 cryptocurrencies and boasts social trading features.

A fresh March 25 report from CoinTelegraph mentioned eToro’s new additional support for Tron’s TRX coin.

TRON has been quite active during the bear market, continuing in its forward pursuit while other projects have faced defeat. Earlier this year, CoinDesk reported the TRON network would host the BitTorrent (BTT) token. BTT’s token sale on Binance’ Launchpad saw wild demand for the product.

Meanwhile over at CBOE

While other entities are building out crypto trading products during the down crypto market, traditional market player Chicago Board Options Exchange (CBOE) notably halted its bitcoin futures trading product, as per a recent announcement.

In a March statement, CBOE said:

CFE [CBOE Futures Exchange] is not adding a Cboe Bitcoin (USD) (“XBT”) futures contract for trading in March 2019. CFE is assessing its approach with respect to how it plans to continue to offer digital asset derivatives for trading. While it considers its next steps, CFE does not currently intend to list additional XBT futures contracts for trading. Currently listed XBT futures contracts remain available for trading.”

 

The above is to be considered opinion and not investment advice in any way, as an unbiased media, no one interferes with the Editorial content of CryptoInsider.com, writers have freedom to choose their own direction, members of Crypto Insider do not participate in trades based on content.

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BTC: 1HozPdTTJahPigLXwMShErhubZLobBhFPL
ETH: 0xDf4d2529D777a80717E85Ed2269830ad6265951B
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BCH: 17sFsLgZq9jibtqi5Bo5SiUcCD4TG8RQwE

Benjamin Pirus
Benjamin Pirus
BJ is a full time writer, editor, and trader in the cryptocurrency space. He has written many professional articles for numerous ICOs, news sites, and other interested parties in the crypto space. He is also a trader, staying up to date with the crypto markets constantly, and dabbling in traditional financial market trading occasionally.

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