BitARG Exchange is building a cryptocurrency trading platform scheduled to launch this fall. Yahoo Japan purchased a 40% minority stake in the exchange through a subsidiary, while BitARG's parent company CMD Laboratories retains 60% ownership. A source told CNBC the deal was for about 2–3 billion yen (roughly $18–28 million). BitARG said the exchange would benefit from the service-operation and security expertise of the Yahoo Japan Group to help customers prepare for the start of service and to improve operations after commencement. Nikkei Asian Review reported Yahoo Japan planned to use BitARG’s technology to launch its own cryptocurrency exchange in 2019. No revenue or user metrics were disclosed in the coverage.

Total raised

$19M

Funding rounds

1

Latest round

Equity

Latest activity

Apr 2018