KEY TAKEAWAYS
- MOCA Coin has been listed on major South Korean exchanges Upbit and Bithumb, enhancing its market presence.
- Binance Futures launched a USDⓈ-Margined MOCAUSDT perpetual contract, offering up to 75x leverage.
- The partnership between Mocaverse and SK Planet aims to integrate blockchain technology into existing internet services in South Korea.
- Moca Network’s decentralized identity infrastructure has attracted over 1.8 million users since its launch.
On December 16, 2024, the MOCA Foundation announced that MOCA Coin (MOCA) has been listed on Upbit and Bithumb, two of South Korea’s largest digital asset exchanges. This development coincides with Binance Futures’ launch of a USDⓈ-Margined MOCAUSDT perpetual contract, offering up to 75x leverage. These contracts are crypto derivatives quoted and settled in USDT, BUSD, or USDC.
MOCA Coin serves as the token powering Moca Network, a chain-agnostic digital identity infrastructure designed for the open Internet. The listings on Upbit and Bithumb follow a recent business partnership between Mocaverse and SK Planet, a major information and communications technology platform in South Korea. This partnership aims to integrate blockchain-enabled user experiences within SK Planet’s existing internet services, utilizing Mocaverse’s Realm SDK.
MOCA Coin’s Role in Moca Network
Mocaverse, initially launched as Animoca Brands’ first official membership NFT project, has evolved into the Moca Network. This platform builds a universal account and open user-centric decentralized infrastructure, allowing users to manage their identity and data across various applications and chains. Moca ID, a decentralized identifier offering unique .moca digital identities, has attracted over 1.8 million on-chain users since its launch in November 2023.
At the time of writing, MOCA Coin has achieved a 24-hour trade volume exceeding US$1.6 billion, according to CoinMarketCap.
Strategic Partnerships and Market Expansion
Yat Siu, executive chairman and co-founder of Animoca Brands, highlighted the significance of MOCA Coin’s listing and the partnership with SK Planet. He noted that these developments underscore the ecosystem’s commitment to the South Korean market. Siu also emphasized the potential of Mocaverse in the Web3 space, stating that it bridges traditional internet services with blockchain technology, fostering mainstream adoption of Web3.
Kenneth Shek, project lead for Mocaverse, expressed optimism about the listings, stating that they will enhance access for South Korean users. He also mentioned ongoing collaborations with core Realm SDK partners to further develop the Mocaverse ecosystem.
For more information, visit the official announcement.
Explore More News:
Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
