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Thursday, May 2, 2024

PTG invests big to revolutionise digital assets scene in Thailand

Maxbit will also base its offerings on data collected from PTG’s Max Card, which has more than 17 million members, 7.29 million of whom are aged between 18 and 40 – the age group that is interested in investing in cryptocurrency.

The company’s digital asset platform, Maxbit, will offer easy, fast trading options, like Coinbase, an American service provider for digital currency transactions.

The digital asset broker was set up with an investment of 300 million baht, 35 per cent of which was contributed by PTG, 35 per cent by Unit and the remaining 30 per cent by two minor shareholders.

Maxbit has received four licences from the Bank of Thailand, all of which fall under Max Solution Service Co Ltd (Max Card).

PTG invests big to revolutionise digital assets scene in Thailand

The company is currently applying to become a digital asset broker under the Securities and Exchange Commission (SEC) and will be able to start trading as soon as it…

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