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.
https://twitter.com/eToro/status/1110083801215045632
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."
Originally posted on Crypto Insider : https://cryptoinsider.com/crypto-exchanges-continue-development-through-bear-market/