Japanese financial giant SBI acquires TaoTao crypto exchange

Cointelegraph

Published Oct 07, 2020 04:07AM ET

Updated Oct 08, 2020 06:00AM ET

Japan's largest on-line financial conglomerate, SBI Holdings, now owns two licensed cryptocurrency trading platforms with its new acquisition of TaoTao exchange.

According to an official announcement on Oct. 7, SBI’s foreign exchange and derivatives arm SBI Liquidity Market has acquired all shares of TaoTao, making it a wholly-owned subsidiary of the company.

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