Monaco Makes Play for South Korea With GOPAX Exchange Listing

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Cryptocurrency and payment platform Monaco is firming up its presence in the South Korea market, announcing, on Thursday, a partnership with key Korean exchange GOPAX to list its /MCO token.

The partnership, unveiled at Money20/20 Asia, expands Monaco’s footprint into South Korea, where GOPAX has grown significantly since last November’s launch to be ranked in the four most active South Korean exchanges, according to a press release.

Monaco’s sees South Korea as a key regional market for cryptocurrency, having recently established community channels in the country.

“This partnership with GOPAX will allow Monaco to reach more consumers interested in investing in cryptocurrency in a secure and professional platform,” said Kris Marszalek, Co-Founder and CEO of Monaco, in a statement. “Backed by a major South Korean bank, GOPAX offers MCO token holders a fast and reliable technology-centric cryptocurrency exchange service.”

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Monaco, headquartered in Switzerland, with offices in Hong Kong and Singapore, raised USD 26.7 million in a token sale conducted in May and June of last year, according to a statement. It currently has a supply of 13.1 million of its Ethereum-based tokens and offers a Monaco Visa card and mobile app for users to transact with cryptocurrency. Its ethos, according to its statement is to bring cryptocurrency to every wallet.

GOPAX (Global Online Professional Assets Exchange) was launched in November 2017 by Streami, Inc. – the first blockchain firm in Korea to be backed by a major bank (Shinhan Bank). GOPAX now ranks in the top 20 exchanges worldwide, according to the statement.

“GOPAX strongly related to Monaco’s mission of streamlining the cryptocurrency trading experience to make it accessible to mass consumers,” said Junhaeng Lee, Co-Founder and CEO of GOPAX. “We both share the same commitment to strict compliance, secure transactions, and a more connected global cryptocurrency network.”

For more information about Monaco: https://mona.co

For more information about GOPAX: https://www.gopax.co.kr

 

 

About David Bentley

David Bentley is an experienced financial writer and communicator specializing in offshore financial services, hedge funds and technology.

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