Kakao’s KLAY token is now listed on Coinone South Korea exchange despite the country’s restrictions on ICOs

Previously, the cryptocurrency market had spread the news that tech giant Kakao would issue its Klaytn blockchain-issued Klay (KLAY) token. After that, this information has been verified as correct. And currently, Kako has listed KLAY tokens on cryptocurrency exchange Coinone.

Kakao listed KLAY token on Coinone after reaching a cooperation agreement

Thus, from now on, a Klay-South Korean won pairing is now live trading in one of the top four crypto exchanges in the country. Besides, at present, ICOs are still forms of illegal investment in Korea. Therefore, Kakao was forced to look to foreign companies to list KLAY. Such as in Singapore and local exchange branches based in Indonesia, Upbit.

Previously, Kakao had launched its blockchain platform, Klaytn. However, because the circumstances are still unclear, they cannot extend the rewards-driven virtual asset-based services.

Kakao launched crypto wallet to store 11 digital assets

Kakao plans to integrate the Klaytn wallet in its messaging app starting in March 2019. At that time, the CEO highlighted the potential in his 40 million user group. This app currently has about 50 million users.

And this information Kakao cooperation Coinone came after Kakao launched a new cryptocurrency wallet feature in KakaoTalk earlier this week. As a result, currently, the crypto wallet service named Klip has allowed its 50 million users to have easier access to 11 crypto and digital assets, including Kakao-issued Klay token.


Kakao said on Wednesday as follows:

“Klip will be directly connected to Klaytn-based blockchain applications, which will help increase the number of compatible cryptocurrencies and digital assets to be stored in Klip. Klaytn is a mobile blockchain platform launched by Kakao’s blockchain tech subsidiary GroundX last June.”

Besides, for South Korea to take an unfriendly cryptocurrency stance, many local companies have sought partners abroad to launch rewards-driven virtual asset-based services.

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