Next month Yahoo Japan plans to acquire 40% of the operator BitARG Exchange Tokyo, and then launch a full exchange in April 2019 or later.
The Yahoo Japan exchange will be newly built but based on BitARG’s system. The two companies have reported their capital tie-up plan to the Financial Services Agency.
Starting next month, Yahoo Japan executives and engineers will be dispatched to BitARG, where they will spend about a year developing the new exchange system. They will also work on a corporate governance structure, a customer management system and internal controls.
Write: Sara Bauer