In Brief:
- WEMIX Token Now Trading on Kraken: Wemade’s blockchain division, WEMIX, successfully lists its token on the international exchange Kraken.
- Recovery from South Korean Delistings: This move follows losing its place on South Korean exchanges due to security concerns, creating paths for international market expansion.
- Strategic Shift to Fintech and Global Markets: In response to earlier setbacks, Wemade diversifies into fintech and partners in projects that promise secure, compliant, and broader financial services.
WEMIX Lists on Kraken
WEMIX, the blockchain arm of Wemade, has achieved a resurgence following its delisting in South Korea, as it celebrates its token’s successful listing on Kraken, a global cryptocurrency exchange. Previously, WEMIX was removed from key South Korean exchanges twice, first in 2022 over circulation disclosure issues and again in May 2025 after the Play Bridge hack raised reliability concerns. These delistings were substantial blows given the project’s strong foothold and popularity within Korea and neighboring Asian markets.
Rebuilding Credibility
Key to WEMIX’s strategy is the restoration of its market credibility and expanding its global reach. This approach appears timely as Wemade’s founder, Park Kwan-ho, is transitioning his significant stake in the company to a Chinese investment firm, thereby casting uncertainties on the future blockchain commitments of the new ownership. Through Kraken’s regulated platform, WEMIX now gains access to diverse markets including the US, Canada, the UK, and Australia, broadening its scope beyond Asian retail liquidity and stabilizing its position in the global market.
Expanding into Fintech
Alongside its historical involvement in gaming, Wemade is venturing into fintech, exploring sectors like cross-border payments, stablecoins, and real-world asset integrations. Key to this venture is StableNet, a Layer-1 envisioned for KRW-backed stablecoins which spearheads the Global Alliance for KRW Stablecoin, involving partners like Chainlink, Chainalysis, and CertiK.
“Aligning with partners who share our commitment to compliance and security is paramount,” stated Shane Kim, WEMIX CEO and Wemade VP. He added, “Given Kraken’s reputation, we are honored to collaborate with them as we scale our market reach, establish a strategic foothold in the U.S., and evolve into a truly global blockchain ecosystem.”
Through these strategic moves, WEMIX aims to reinforce its position in the global market while transitioning into a robust fintech player, thus casting a wider net beyond its traditional gaming dominion.