MOCA's Listing Strengthens Market Position

Upbit was the first to announce MOCA's listing, offering trading pairs in KRW, Bitcoin (BTC), and Tether (USDT).

output: Southeast Asian crypto exchange Bittrex Global announced on December 14 that it would be listing MOCA, the native token of the Moca Network, on December 15.

The news comes shortly after South Korean crypto exchange Upbit announced the listing of MOCA, which began on December 16 at 2:00 PM KST with trading pairs in KRW, Bitcoin (BTC), and Tether (USDT).

The exchange confirmed that it would only be supporting deposits and withdrawals for MOCA on the Ethereum network.

MOCA is central to the Mocaverse ecosystem, a decentralized metaverse project that is striving to build a more open and engaging online world. The token provides its holders with access to various features within the network and also grants them a say in its governance.

With this listing, MOCA is expected to gain more market presence and visibility, especially among the Upbit user base.

Bithumb also joined the rally and listed MOCA on December 15. Both exchanges renamed the token to "Mocabus" to align better with the South Korean market and make it easier for local investors to connect with the brand.

The dual listings sparked a dramatic 380% price surge in just one hour. MOCA's trading volume also shot up more than 600% in 24 hours.

Futures trading saw an even huger increase, with open interest jumping 1,250% in a single day to reach $33.27 million.

Yat Siu, co-founder of Animoca Brands, shared his excitement, saying, "Excited to announce that @mocatoken is now live on @upbit_official in Korea! A huge step forward for Web3. Thanks to Upbit and the South Korean community for believing in Moca Network and the future of the open metaverse."

He added that South Korea's advanced tech community and strong crypto ecosystem will play a major role in spreading Web3 to a broader audience.

"Together we can build a better online world. The journey has just begun!"

As both exchanges list the token at a similar price and with good liquidity, it will be interesting to see how the token performs in the coming days.

With the power of the South Korean crypto ecosystem behind it, MOCA's journey has only just begun, and the future looks promising!