Yahoo Finance’s iOS app opens for trading in cryptocurrencies, revealing Yahoo’s “exchange plan”

Although the bitcoin currency ETF has not been approved, the cryptocurrency price has fallen sharply compared to the historically highest price of last year, but the heat of cryptocurrencies such as Bitcoin has not declined. Yahoo Finance recently touched into the cryptocurrency area.

According to Cointelegraph, Yahoo Finance has increased its cryptocurrency trading business, and users can purchase BTC, ETH, and LTC cryptocurrencies directly on their web pages.

according to subsequent reports, although Yahoo Finance website page cannot directly trade BTC, ETH, LTC dollar trading pairs, users can enter the Etoro trading page through the Cryptocompare link.

But on Yahoo Finance’s iOS app, users can still trade directly on bitcoin, ethereum, and litecoin. Yahoo Finance also said in the mail that its current three cryptocurrency transactions are only for iOS apps, and the desktop, mobile web, and Android versions will be available in the next few weeks.

It is reported that Yahoo Finance is the number one financial website on the Internet. It provides the latest market information and news market every day. It is also the largest monthly financial news website in the United States.

As early as June 2014, Yahoo Finance has added the price chart of Bitcoin. At the end of 2017, as traders’ demand for cryptocurrency reached a record high, Yahoo Finance launched a function to track cryptocurrencies on its platform.

Currently, there are other cryptocurrencies on Yahoo Finance, such as EOS, ETC, XRP price, etc., but these cryptocurrencies are not yet available for sale.

Yahoo’s “Exchange Plan”

Yahoo’s “exchange” plan seems to be in progress. As early as March 23 this year, the Nikkei News reported that Yahoo Japan will enter the cryptocurrency market and will participate in the BitARG exchange, which has obtained the license of the Japan Financial Services Agency, through its subsidiary YJFX, which is engaged in foreign exchange margin trading.

BitARG was established in May 2017 with a capital of 10 million yen (about US$90,000) and was registered in the Japan Financial Services Agency in December 2017.

According to reports at the time, Yahoo Japan had reached a consensus with BitARG on capital cooperation and had communicated its cooperation plan to the Japanese Finance Agency.

YJFX will invest about 2 billion yen (about 18 million US dollars) in April to acquire a 40% stake in BitARG. After the related system is completed, Yahoo Japan will also consider additional purchases of BitARG stake through other companies in the group from January to March 2019.

In April this year, Reuters reported that Z Corporation, a wholly-owned subsidiary of Yahoo Japan, instead of the previously passed YJFX, acquired a 40% stake in the BitArg exchange, valued at approximately 2 billion to 3 billion yen (approximately 18 million to 27 million US dollars).

Yahoo has always been one of the top Internet portals, and Yahoo Finance has always been one of the most comprehensive financial portals for stocks and other financial assets, especially for North American traders.

Yahoo’s frequent trends in the field of crypto exchanges this year have also fully reflected its intention to try to take a share in the field of cryptocurrency trading.

And there has always been an outbreak of exchange data fraud news. According to a report released this week by the Blockchain Transparency Institute (BTI), the current exchange’s daily trading volume of more than $6 billion is forged, with more than two-thirds of counterfeit profits.

The entry of Yahoo’s industry giants with huge traffic will, to a certain extent, bring positive influence and significance to the field of cryptocurrency transactions. Will this bring btc price to a spring?