Kakao Lists Its Token in South Korean Crypto Exchange

 

The messaging app Kakao listed its Klay token issued by blockchain in a local crypto exchange.

After the release of its new cryptocurrency wallet in KakaoTalk sooner this week and reaching around 100,000 registered users, the tech leading company listed KLAY token by entering into a deal with Coinone, TechM reports.

From now on, a Klay/KRW pair is live trading in a top cryptocurrency exchanges in the Republic of Korea.

Being based in the Republic of Korea, initially Kakao was obliged to list Klay in Singapore & Upbit’s branches, which are based in Indonesia due to South Korean rules regarding crypto market. However, this is a crucial step for Kakao to have Klay listed in its native country.

Due to the approach of South Korea on the crypto industry, not only Kakao, but lots of other South Korean companies have been searching for partners in other countries to release their tokens on crypto exchanges.

Kakao already released its own blockchain platform, Despite that they weren’t able to broaden the services which were based on cryptocurrency.

 

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