Hong Kong: Monaco to list cryptocurrency card MCO on China’s Binance exchange

Visual from Monaco's Twitter account.

Swiss payments and cryptocurrency platform Monaco announced that it was looking at listing its MCO token on China’s new digital asset exchange Binance on August 23, 2017.

Deposits and withdrawals of the MCO token on Binance.com will be enabled from 3 pm HKT on Tuesday, August 22. Trading begins 3 pm HKT on Wednesday, August 23.

Founded in June 2016, Monaco is based in Switzerland with operations in Hong Kong, and Singapore. Its cryptocurrency platform allows users to spend Bitcoin and Ethereum at interbank exchange rates anywhere Visa cards are accepted.

The company claimed it recently raised over $26.7 million through its token sale.

Monaco co-founder and CEO Kris Marszalek, said they believe Binance will enable its users in China to trade the MCO token conveniently and securely.

“Since the successful closing of our token sale earlier this June, our team received thousands of inquiries from Chinese users regarding a local listing of the MCO token,” Marszalek said, noting they reached the top 10 global digital asset exchanges by trading volume within 30 days of launch.

Binance CEO Changpeng Zhao, said the cryptocurrency community needs initiatives that will drive adoption globally, and the company is confident in Monaco team’s ability to deliver a fantastic product.

“We are supportive of Monaco’s vision to bring cryptocurrency to every wallet,” Zhao said. “Monaco is perfectly aligned with Binance’s mission to allow everyone to exchange digital assets seamlessly.”

Binance reported it raised $15 million in July 2017 and is rapidly gaining market share in digital asset trading. It claims to be capable of processing 1.4 million orders per second.

Zhao and the rest of the Binance team present themselves as experienced both on Wall Street and in crypto finance.

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Singapore Reporter/s

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.