Tuesday, 28 May 2024
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Klaytn scores listing on the Philippines’ top crypto exchange

Klaytn, Finschia eye Web3 dominance in Asia with M&A proposal

  • Klaytn token KLAY is now available for trading on Coins.ph, the Philippines’ largest crypto exchange.
  • The exchange has added support for KLAY/PHP.

Klaytn (KLAY) is now listed on Coins.ph, the largest crypto exchange in the Philippines.

The blockchain network for the metaverse, GameFi and the creator economy announced the major news on Tuesday. It noted that the native Klaytn token KLAY is now available for trading on the Bangko Sentral ng Pilipinas (BSP)-licensed crypto exchange.

BSP is the Philippines’ central bank.

Klaytn launched in 2019 and is one of the leading blockchain platforms in South Korea.

Coins.ph’s listing of KLAY means Filipinos now have a chance to trade one of the tokens underpinning a growing ecosystem in the metaverse and blockchain gaming market.

KLAY price outlook

Following the crypto exchange listing, KLAY is available in the KLAY/PHP trading pair. The listing adds to Klaytn’s availability on major exchanges that include Binance, OKX, Bitget and Crypto.com.

The price of KLAY was $0.17 at the time of writing, down 7% in the past 24 hours and -33% in the past month. KLAY has declined nearly 50% since surging well above $0.32 in early 2024 amid news of the blockchain network’s merger with Finschia (formerly LINE blockchain).

Klaytn price reached an all-time high of $4.34 in March 2021, which puts the current prices more than 90% off those highs.

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