Coinone Sees Its User Base Rise By 10,000 People Per Month After Listing Kakao’s Klaytn Token
Coinone Sees Its User Base Rise By 10,000 People Per Month After Listing Kakao’s Klaytn Token
September 12, 2020
Coinone Sees Its User Base Rise By 10,000 People Per Month After Listing Kakao’s Klaytn Token
Coinone Sees Its User Base Rise By 10,000 People Per Month After Listing Kakao’s Klaytn Token
September 12, 2020

Coinone, the South Korean cryptocurrency exchange, saw its user base rise by about 10,000 people per month after listing Kakao’s Klaytn (KLAY) token in June.  

It has been reported that the token was listed after Kakao, a tech giant who runs the most popular chat app in South Korea, made crypto transactions a part of their messaging app, KakaoTalk.

However, shortly after launch, Kakao announced that their messenger’s new crypto wallet function had surpassed 100,000 users in less than a day.

The report said that KLAY’s surge in value, which has more than tripled over three months, has led to rising volumes on other exchanges as well.

Currently, Coinone’s exchange accounts for 10% of the total domestic market in South Korea.

Thus, according to CoinMarketCap data, the exchange is currently in 12th place in terms of 24-hour volume globally.

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Source: Cointelegraph | Image: CoinNewsSpan


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.