The Japanese Yahoo subsidiary TaoTao wants to start operating on May 25th. The Crypto Exchange is thus one of the few exchanges that has received the regulatory approval of the financial supervision of the country. Meanwhile, the company intends to win a cashback program worth 10,000 yen to the raffle.
The crypto market is no longer considered new territory among the old-established grandees of the Internet age. And so it is not surprising that more and more well-known companies dare to try to gain a foothold in the market. So now Yahoo. As the Japanese industry magazine CoinPost reports, the TaoTao Exchange, a Yahoo subsidiary, is already “in mid-May at the start go”.
No exchange without liquidity
In a start-up, trading venues usually face a dominant problem: the generation of liquidity. Because if the user base is so small that orders can not be made, the stock exchange can no longer fulfill its task as a trading center. Especially young stock exchanges therefore increasingly resort to wash trading to attract users….