Monaco Lists MCO Token on South Korea’s Bithumb Crypto Exchange

Thu, 04/19/2018 - 15:22
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Urvashi Verma
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Monaco Lists MCO Token on South Korea’s Bithumb Crypto Exchange
Cover image via U.Today

Monaco, Swiss-based digital currency platform declared its MCO token will be listed on Bithumb’s cryptocurrency exchange, starting Thursday.

"Local partnerships such as this one are an essential part of our game plan to make the MCO Token accessible globally,” said  Kris Marszalek, co-founder and CEO of Monaco in a statement.

The MCO tokens price has spiked to $14.79 today and more than doubled since its precipitous decline to a year-to-date low in early Feb. to $5.45. MCO’s total market cap is nearly $2.3 bln, according to data collected by Coinmarketcap.

Marszalek said:

“South Korea is one of the most important markets for cryptocurrencies, and with the support of Bithumb, we look to expand the scale and reach of Monaco to fulfill our vision of 'cryptocurrency in every wallet."

The company also added South Korean language content to its website and said it has launched a number of Korean social media channels to engage with the community.


The Monaco Visa card, an e-wallet, and mobile app also allow users to buy, exchange, and spend fiat and cryptocurrencies, such as Bitcoin and Ether.

Founded in June 2016, Monaco raised $26.7 mln in ICO and is headquartered in Switzerland with offices in Hong Kong and Singapore.

Bithumb, founded in 2014, ranks as the number one cryptocurrency exchange in the world and trades nearly $9.7 bln in volume per day.

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About the author

Urvashi Verma is a Chicago-based reporter who writes about the convergence of technology and business. She is interested in fintech, digital currencies, blockchain and currency markets. Urvashi formerly worked with the Times of Israel covering Israel's booming tech industry including Start-Up Nation, venture capital investment, and crowd-funding platforms.