Yahoo Japan confirmed Friday that it has purchased a minority stake in a Japanese cryptocurrency exchange.
"By utilizing the service operation and security expertise of the Yahoo group, we support the operation of exchanges operated by BitArgo Exchange Tokyo," Yahoo Japan said, adding that it will aim to provide services that are "easy to use and safe."
Rumors of the acquisition first emerged in March, though at the time they indicated that Yahoo Japan would make the investment through its forex transaction platform, YJFX, not Z Corporation, as previously reported.
Editor's note: Some statements in this article were translated from Japanese.
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