MOCA Coin Expands Its Presence in the South Korean Market by Listing on Upbit and Bithumb

The MOCA Foundation, a community-owned cultural entity managing MOCA Coin, has announced the expansion of MOCA Coin's presence in the South Korean market

MOCA Coin, the primary token of the Moca Network, is now available for trading on South Korea’s major digital asset exchanges, Upbit and Bithumb.

This development follows the launch of a Margined MOCAUSDT perpetual contract by Binance Futures, offering up to 75x leverage.

The MOCA Foundation, a community-owned cultural entity managing MOCA Coin, announced the new listings on December 16, 2024.

With this move, MOCA Coin aims to enhance its liquidity and accessibility in a key Asian market.

Yat Siu, executive chairman and co-founder of Animoca Brands, commented on the exchange listings and Binance Futures’ derivative product:

“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.

Mocaverse has evolved from an initial membership NFT project into a platform that can simplify Web3 access for millions. We believe that Mocaverse is bridging traditional internet services with blockchain technology and will play a crucial role in driving mainstream adoption of Web3, which will ultimately foster a more open digital future.”

The strategic expansion of MOCA Coin in South Korea is further highlighted by the MOCA Foundation's recent partnership with SK Planet, one of the country's leading ICT platforms.

This collaboration marks a significant step in integrating Mocaverse's Realm Software Development Kit (SDK) with SK Planet's internet services, aiming to enhance user experiences with blockchain technology.

Kenneth Shek, project lead for Mocaverse, also commented on the exchange listings and partnership:

“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.”

Mocaverse was initially launched as Animoca Brands' first official NFT project and has since expanded into the Moca Network, which is building a universal, user-centric decentralized infrastructure called Moca ID.

This digital identity system enables users to manage, store, and verify their identity across different blockchain platforms. Since its launch in November 2023, Moca ID has attracted over 1.8 million on-chain users, showcasing its effectiveness and growing acceptance.