MOCA coin hits major South Korean crypto exchanges

MOCA Coin debuts on two of South Korea’s largest crypto exchanges, Upbit and Bithumb
Binance Futures has launched a USDⓈ-Margined MOCAUSDT perpetual contract with up to 75x leverage
MOCA Coin is the token that powers Hong-Kong based Animoca Brands’ Moca Network

Special Report: MOCA Coin (MOCA), the token that powers Hong-Kong based Animoca Brands’ Moca Network, has debuted on two of the largest crypto exchanges in South Korea – Upbit and Bithumb.

MOCA Foundation, the community-owned cultural foundation and steward of MOCA Coin (MOCA), has announced that MOCA has now listed on Upbit and Bithumb.

Additionally, Binance Futures has launched a USDⓈ-Margined MOCAUSDT perpetual contract with up to 75x leverage.

USDⓈ-Margined contracts are crypto derivatives quoted and settled in USDT, BUSD or USDC.

At the time of writing MOCA Coin had a 24-hour trade volume of more than US$1.6 billion.

Moca Network expands

The Moca Network – which provides users with one universal account for assets, identity, and reputation across ecosystems – is built on open, user-centric decentralised infrastructure, evolved out of Animoca Brands’ flagship project Mocaverse.

Mocaverse began as Animoca Brands’ first official membership NFT project and provides a Web3 platform for consumers to participate in and maximise their exposure to Web3 experiences and rewards.

Animoca Brands’ objective for the Mocaverse is to build the largest Web3 gaming/metaverse publishing platform.

Earlier this year, Mocaverse launched Moca ID, the pilot on-chain identity system of Realm SDK.

Since launch, more than 1.79m Moca IDs have been registered and more than 160 Web3 activations have been launched with partners that include Pixels, Blocklords, Trust Wallet, OKX Wallet and various others.

Animoca Brands said Mocaverse would continue to expand the Moca Network and drive consumer crypto adoption by integrating large, user-base ecosystems via partnerships with major companies and communities.

The company recently announced an additional tranche of US$10m funding to advance the Mocaverse Web3 platform.

Listing of MOCA Coin follows partnership with SK Planet

The listing of MOCA on Upbit and Bithumb follows the recent announcement of a business partnership between Mocaverse and SK Planet, one of South Korea’s largest information and communications technology platforms.

Together Mocaverse and SK Planet will co-create blockchain-enabled user experiences within SK Planet’s existing internet services, leveraging Mocaverse’s Realm SDK.

Animoca Brands’ co-founder and executive chairman Yat Siu said MOCA’s listing on Upbit and Bithumb and Mocaverse’s partnership with SK Planet demonstrated the ecosystem’s commitment to the South Korean market.

“Binance Futures’ MOCAUSDT perpetual contract reflects growing recognition of Mocaverse’s potential in the Web3 space,” he said.

“Mocaverse has transformed from an initial membership NFT project into a platform that simplifies Web3 access for millions.

“We believe Mocaverse is bridging traditional internet services with blockchain technology, playing a crucial role in driving mainstream Web3 adoption, ultimately fostering a more open digital future.”

Mocaverse project lead Kenneth Shek agreed and said MOCA listing on Upbit and Bithumb would provide 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 accounts and digital identity,” he said.

This article was developed in collaboration with Animoca Brands, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.