Specifically, the development came not long after a new supporting feature for the firm’s KakaoTalk crypto wallet was rolled out.
Following the registration of more than 100,000 users thanks to the new crypto-focused updates, Kakao has entered a partnership with Coinone for the listing of its KLAY tokens, which would make a Klay-South Korean won pairing reportedly available for trading, across the platform of big 4 local platform.
The initiative is reportedly a noteworthy one for Kakao, taking into account the current unauthorised state of initial coin offerings (ICOs) throughout South Korea. The situation has resulted in the listing of KLAY in Singapore and Indonesia-located division of the firm, Upbit.
Due to the above-mentioned situation, numerous firms in South Korea has made moves to team up with foreign partners for token launching.
Kakao has reportedly introduced its blockchain platform, Klaytn before, but because of a few undisclosed incidents, the expansion plan for the rewards-driven virtual asset-based services is reportedly still on hold.