Today, the Switzerland-based cryptocurrency payment platform Monaco announced that it will list its MCO token on three more cryptocurrency exchanges to increase the liquidity of and access to the token. The listing on Coinnest, Coinrail, and QRYPTOS (the global wing of Quoine) will be done by the 15th of December.
This move comes amid the increasing crypto frenzy worldwide, and especially in South Korea and Japan, in recent months. Also, it is interesting to note that two out of the three exchanges are based in South Korea, and the third operates in Japan.
Currently, the token is listed on ten exchanges worldwide, including Bittrex, Binance, and Huobi.pro.
Commenting on this move, Monaco’s CEO and co-founder Kris Marszalek said: “South Korea and Japan are leading cryptocurrency markets in terms of trading volume. We’re excited to be working with our partners to make the MCO token broadly available. Watch this space in the next few weeks, as Monaco continues to extend its reach.”
Make or Break Decision: Finding the Liquidity Provider Thats Best for YouGo to article >>
Eik-hwan Kim, CEO of Coinnest, said: “We are excited to provide another trading option to our users. Our teams have been focused on bringing online new tokens and futures, and it’s great to see our efforts pay off. We welcome Monaco and their community as we continue on our quest to best serve our users.”
“Adding the MCO token to QRYPTOS is a tremendous value add to our customers. With our focus on security and innovative rewards, we are keen to support Monaco’s efforts of making cryptocurrency available to the masses,” said Mike Kayamori, co-founder and CEO of QUOINE.
Aiming for global expansion, Monaco also appointed Brent Diehl as Senior VP in October.
In November, Monaco introduced the long-anticipated VISA prepaid card in Singapore. The firm had been dropping hints about this partnership since early 2017 but did not confirm anything officially. Due to the unofficial hints, the MCO token also got a boost earlier this year. This ultimately attracted a lot of critics too.
Meanwhile, the MCO token has seen a huge surge in value since the start of December. In a mere two weeks, the token has gained more than 196 percent and is now trading around $17.12. This also boosted its market cap, which went up from $56 million to more than $195 million in this period.