Bitkub told to fix platform issues

Investor confidence dips on shutdown

Thai cryptocurrency exchange Bitkub Online temporarily shut down its desktop trading platform on Tuesday following an order from the Securities and Exchange Commission (SEC) giving the company five days to fix issues with its platform which had crashed three times this month due to spikes in activity.

After being closed for 16 hours, its mobile application platform reopened for trading at 17.25.

The situation has raised fears among investors that they may lose their money if the site shuts down for good or cannot handle trading volumes, says an industry veteran who requested anonymity.

Bitcoin has skyrocketed this month, soaring to a record high of 1.26 million baht per trading value on Bitkub. This caused Bitkub’s trading platform to crash…

Bitkub told to fix platform issues