South Korean internet company Kakao is seeking ways to enable trading of its cryptocurrency Klay on a Chinese cryptocurrency exchange, however, may not be allowed to list it locally. A local news agency News1 recently reported that Kakao’s blockchain extension, GroundX, is in discussions with two unnamed but popular cryptocurrency exchange platforms for facilitating the trading of its token Klay. However, because its Singapore-based subsidiary has been garnering cryptocurrency foreign investments, it may face troubles getting Klay listed on South Korean exchanges. Kakao is one of South Korea’s largest corporations and has assets worth over eight billion dollars ($8.8 billion).
