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 through new listings on Upbit and Bithumb.
These developments are paired with the launch of a Margined MOCAUSDT perpetual contract by Binance Futures, offering up to 75x leverage.
As of December 16, 2024, MOCA Coin, the primary token of the Moca Network, is now actively traded on South Korea’s major digital asset exchanges, Upbit and Bithumb. This strategic expansion aims to enhance the liquidity and accessibility of MOCA Coin in a significant Asian market.
Yat Siu, executive chairman and co-founder of Animoca Brands, said: “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.”
Concurrently, Binance Futures introduced a new derivative product tied to MOCA Coin, increasing the avenues for trading and speculation on its value.
In addition to the listings, the MOCA Foundation’s recent partnership with SK Planet— one of South Korea’s leading ICT platforms—marks a significant milestone.
Kenneth Shek, project lead for Mocaverse, added: “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.”
This collaboration aims to integrate Mocaverse’s Realm SDK into SK Planet’s internet services, enabling blockchain-powered user experiences. The partnership reflects a mutual commitment to advancing blockchain technology in mainstream applications.
Initiated initially as Animoca Brands’ first official NFT project, Mocaverse has since evolved into the broader Moca Network. This network is pioneering a universal, user-centric decentralized infrastructure known as Moca ID.
This digital identity system allows 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, demonstrating its effectiveness and growing acceptance.