Klaytn, introduced by messaging app Kakao’s blockchain arm Ground X, went live in 2019 and now has “millions of users in Korea,” it said. Its KLAY token has over $880 million market cap, CoinGecko data show, making it the 66th largest cryptocurrency. Its governing body at launch included electronics giant LG, with crypto exchange Binance and South Korea’s Shinhan Bank joining later.

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