Kakao cryptocurrency to be listed on Upbit

Posted 05 September, 2019

Following the recent report about plans to launch own cryptocurrency, South Korea's Kakao has shared more details about this issue. Its cryptocurrency Klay is likely to be listed on Upbit exchanges. The information was released in the blog post by Klaytn platform.

"At last, we are announcing the official listing of our KLAY token, which will occur on Upbit Singapore and Upbit Indonesia by the end of September," the company said.

For the listing of Klay, Korean trading platform announced a media event which includes "KLAY airdrop campaign." According to the notice, the exchange will give 5 million Klay.

Along with the listing, Kakao also intends to roll out the official wallet for the announced coin called Klip. As the company stated, the wallet will be integrated into its KakaoTalk messenger.

For reference, Kakao expressed intentions to list its coin earlier this week. That time, Kakao's spokesperson commented that the company considers listing on Chinese and Korean platforms. It was also added that local regulators can affect the process due to their careful policy in terms of crypto regulation. 

"With the official introduction of KLAY, we look forward to seeing more developers and service providers will participate in the growth of the Klaytn platform. Stay tuned for more updates," summarised the company.

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