TAOTAO, a cryptocurrency exchange under the umbrella of SBI Holdings, announced on the 10th that it will handle XRP (Ripple) in over-the-counter transactions.
The company has revealed it will start handling after the scheduled maintenance on September 22, 07:00 AM UTC.
TAOTAO’s parent company TaoTao Inc has recently merged with SBI VC Trade Co., Ltd on the first of this month. SBI VC is the venture capital subsidiary of SBI Holdings, a major Japanese financial services company.
Before the merger, SBI holdings acquired TaoTao in October 2020 to expand its offering in crypto-related services. At the time, the company noted:
“In the future, we will make maximum use of the management resources such as knowledge of the SBI Group as a comprehensive financial group, as well as the customer base and service expertise of the crypto assets that TaoTao has cultivated so far […]”