Z Corporation has exited its 40% stake in crypto trading exchange TaoTao in an acquisition by SBI.

SBI, a Japan-based financial services group, has acquired its second licensed cryptocurrency trading platform, TaoTao, for an undisclosed amount, providing an exit for corporate venturing backer Z Corporation. SBI’s foreign exchange and derivatives division, SBI Liquidity Market, bought all of TaoTao’s shares. Z Corporation, a subsidiary of Z Holdings (formerly known as Yahoo Japan and…

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