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WEMIX token now stay on Kraken
Wemades’s blockchain arm WEMIX has secured a notable change win, with its native WEMIX token now buying and selling on Kraken.
This marks an vital growth for WEMIX, which was delisted in its core South Korean market in Might 2025, following issues round issuer reliability and safety requirements after the Play Bridge hack.
It was the token’s second home delisting, following its 2022 elimination over circulation disclosure points. For a undertaking whose strongest historic base has been Korea and regional Asian markets, that lack of home-market change entry was a severe reputational and liquidity setback.
On this context, the Kraken checklist is a part of a broader try and rebuild credibility and market entry exterior Korea, whereas its mother or father firm enters a brand new possession section. Wemade’s founder Park Kwan-ho is within the technique of promoting his 39% stake to a Chinese language funding firm, whose enthusiasm for blockchain is unsure.
In the meantime, the Kraken itemizing provides WEMIX a regulated, compliance-focused venue with attain throughout the US, Canada, the UK and Australia; the areas it wants to cut back dependence on Asian retail liquidity.
On the similar time, Wemade is increasing past blockchain gaming with ambitions for fintech infrastructure, cross-border funds, stablecoins and real-world belongings.
That's the place StableNet and the International Alliance for KRW Stablecoin change into related. Wemade is pitching StableNet as a devoted Layer-1 for KRW-backed stablecoins, whereas GAKS brings in companions together with Chainlink, Chainalysis and CertiK.
“Aligning with companions who share our dedication to compliance and safety is paramount. Given Kraken’s repute, we're honored to collaborate with them as we scale our market attain, set up a strategic foothold within the U.S. — the world’s largest monetary market — alongside different key Western areas, and evolve into a very international blockchain ecosystem,” commented Wemade VP and WEMIX CEO Shane Kim.