South Korean tech giant Kakao is considering listing its own coin on the exchange. At the same time, the company can choose a platform for listing outside its home country, the local publication News1 reports.
According to media reports, at the moment, Kakao is considering two exchanges for a possible Klay listing - one of them is in China, and the other is in South Korea.
The company may force the company to abandon home jurisdiction. Some sources say that Kakao is too large a market player and plans to launch its own digital asset will not go unnoticed by the South Korean authorities.
According to the latest figures from the local Fair Trade Commission, Kakao's assets are 10.6 trillion won (about $ 8.8 billion), and KakaoTalk’s application has more than 400 million users, although only 10% of them are considered active.
Recall that Kakao announced the creation of a subsidiary of Ground X, specializing in blockchain technologies, and announced its own blockchain platform Klaytn in March last year.
The main network was launched in June, and in August the company announced the launch of its own cryptocurrency wallet Klip.
It is noteworthy that earlier in Ground X it was stated that Klay will not be traded on exchanges, as the coin is intended mainly for developers seeking to use the Klaytn public blockchain platform.