Upbit upsets crypto balance of power
6
Venture takes off as Bitkub upgrades
published : 22 Jan 2021 at 05:36
6 Peeradej Tanruangporn, centre right, chief executive of Upbit Thailand, with Mr Somphote, left, Mr Chatchaval, centre left, and Mr Preecha, right.
Upbit Thailand, a joint-venture digital asset exchange between Upbit APAC Pte and a group of Thai billionaires, launched operations on Wednesday following a rocky week for the country s leading cryptocurrency platform Bitkub, which temporarily shut down to fix some issues at the request of the regulator.
The new venture is considered timely by some analysts as investors are flocking to bitcoin and cryptocurrency following a surge in prices over the past few months.