After the success of Monaco's token sale in June, Monaco has furthered their efforts in making their cryptocurrency platform and pioneering payments system more secure and convenient. The company announced that they are going to partner with one of the famous digital asset exchange companies in China, Binance.
Why Binance?
Monaco is a young company that just started in 2016. Yet, they have proven to be one of the most promising startups today, raising $26.7 mln through their token sales. According to the Co-founder and CEO of Monaco, Kris Marszalek, there have been numerous inquiries from Chinese users about the listing of MCO tokens.
Monaco saw the great potential of Binance with its advanced trading engines and decided to partner with them. This is a good match since Binance also believes in Monaco's vision of bringing cryptocurrency to everyone.
Commenting on the partnership, Kris Marszalek, Co-founder and CEO of Monaco says:
"Binance’s founding team built one of the most advanced trading engines in the market using their extensive industry experience – as a result; they reached the top 10 global digital asset exchanges by trading volume within 30 days of launch.”
Meanwhile, Changpeng Zhao, CEO of Binance comments:
“Monaco is perfectly aligned with Binance’s mission to allow everyone to exchange digital assets seamlessly. Most importantly, the cryptocurrency community needs initiatives that will drive adoption globally and we are confident in Monaco team’s ability deliver a fantastic product.”
What does the partnership provide?
The partnership between Monaco and Binance is set to begin on Aug. 23, 2017. It will be the first exchange that allows locals in China to trade MCO tokens.
Those who want to withdraw and deposit MCO tokens on Binance’s official website will be authorized to do so starting from 3 p.m. HKT on Aug. 22. However, regular trading will commence at 3 p.m. HKT the following day.