South Korean cryptocurrency exchange Coinone has announced the listing of two new tokens: Monad (MON) and Freisachain (FAI), both available for trading against the Korean won (KRW). The Monad (MON) listing begins on November 27 at 4:00 a.m. UTC, while Freisachain (FAI) starts trading at 3:00 a.m. UTC on the same day.
This strategic move provides direct KRW access, eliminating the need for intermediate conversions and making trading more efficient and cost-effective for Korean investors. Coinone, a regulated and compliant exchange in South Korea, requires KYC verification for all trading activities. The listings follow rigorous evaluations of the tokens' technology and market prospects, demonstrating Coinone's confidence in their potential.
Investors can benefit from enhanced liquidity due to Coinone's established user base and the growing institutional interest in digital assets in South Korea. The timing aligns with the maturation of the Korean crypto market, potentially influencing other exchanges to consider similar listings.
