Yahoo Japan to take stake in cryptocurrency exchange
April 16, 2018
Platform Software | Tokyo, Japan | Corporate
A subsidiary of Yahoo Japan has agreed to take a 40% stake in cryptocurrency exchange BitARG Exchange Tokyo, with Reuters reporting that the deal could total 2 billion to 3 billion yen (about $19 million to $28 million). BitARG's parent company will continue to own the remainder of the exchange. The transaction follows the deal struck by Japanese online brokerage company Monex for cryptocurrency exchange operator Coincheck for 3.6 billion yen earlier this month.