Upbit upsets crypto balance of power
Venture takes off as Bitkub upgrades
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.
With total registered capital of 80 million baht, Upbit Thailand is owned…
