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South Korea’s Kakao Gets Its Klay Token Listen on Upbit Indonesia

Tomorrow, cryptocurrency exchange Upbit Indonesia will list Klay, the cryptocurrency of South Korean instant messaging giant Kakao.

South Korean news outlet The Korea Times reported the news on Sept. 25 noting that also UpBit Singapore is also expected to list Klay at a later date. A Kakao official pointed out:

“We decided to list Klay on cryptocurrency exchanges in the respective countries, as we aim for Klaytn to become an Asia-based platform.”

South Korean messaging giant’s own virtual currency

Kakao is South Korea’s largest internet conglomerate, the firm manages mobile applications and has nearly 90 percent dominance in its mobile instant messager. The company’s plans to raise $300 million through Ground X to develop Klay have been first announced in late 2018.

In August, Kakao has launched a teaser page for its forthcoming cryptocurrency wallet, Klip. The teaser page has been made available in its Kakao Talk messenger app under the “more” tab.

Source:fxstreet

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