Upbit launches in Thailand just days after regulators suspended Bitkub

Cointelegraph

Published Jan 21, 2021 10:06PM ET

Updated Jan 23, 2021 12:00AM ET

Crypto exchange Upbit is entering the Thai market at a fortuitous time when the kingdom’s most popular exchange, Bitkub, remains suspended by government regulators.

According to reports in local media, a joint-venture crypto exchange between Upbit APAC and a group of Thai billionaires launched operations on Wednesday, Jan. 20. It follows the regulatory suspension of the country’s most popular trading platform Bitkub on Monday, which had a reported 97% share of the market before its closure.

Continue Reading on Coin Telegraph