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In South Korea’s digital asset market, the MOCA Foundation, which is in charge of the MOCA Coin, has made a significant move. The coin’s presence in the area has been further cemented with its listing on two prominent exchanges, Upbit and Bithumb.
The Moca Network’s central token, MOCA Coin, became live on Upbit and Bithumb, two of South Korea’s most well-known digital exchanges, on December 16, 2024. The purpose of these listings is to increase the coin’s liquidity and make it simpler for South Korean investors to access.
A Margined MOCAUSDT perpetual contract with leverage options up to 75x was also created by Binance Futures in simultaneously. This product increases trading options and shows that MOCA Coin is becoming more and more popular on the international market.
Yat Siu, executive chairman and co-founder of Animoca Brands, highlighted the significance of these developments: “MOCA Coin listing on Upbit and Bithumb and Mocaverse’s business partnership with SK Planet demonstrate the ecosystem’s commitment to the South Korea market. Binance Futures’ MOCAUSDT perpetual contract reflects a growing recognition in Mocaverse’s potential for the Web3 space.”
The MOCA Foundation’s collaboration with SK Planet, a leading ICT platform in South Korea, marks a crucial milestone. The partnership integrates Mocaverse’s Realm SDK into SK Planet’s services, introducing blockchain-based user experiences.
Kenneth Shek, project lead for Mocaverse, emphasized the opportunities this partnership brings: “MOCA Coin’s listing on Upbit and Bithumb will open up access to South Korean users following the partnership with SK Planet. We are excited to work with our core Realm SDK partners to co-create the Mocaverse ecosystem with universal account and digital identity.”
Initially launched as an NFT project by Animoca Brands, Mocaverse has evolved into the broader Moca Network, pioneering blockchain solutions like Moca ID. This decentralized identity system enables users to manage and verify their identities across multiple blockchain platforms.
Since its debut in November 2023, Moca ID has garnered over 1.8 million users, underscoring its growing adoption. These advancements underline MOCA Coin’s potential to drive Web3 adoption and transform digital interactions worldwide.