October 7, 2020 TaoTao acquired by SBI Holdings.

TaoTao, a Japanese cryptoasset exchange, has been acquired by Tokyo-based financial services group SBI Holdings. SBI Holdings purchased the shares from Z Fund No. 1 Investment, formerly Yahoo Japan, which previously held a 100% stake in TaoTao. The move comes after negotiations with Binance, which initially intended to form a strategic partnership with TaoTao, ended earlier this week.