September 25, 2020

The largest Thai cryptocurrency exchange Bitcoin Co. closes after 5 years of operation

The largest Thai cryptocurrency exchange Bitcoin Co. closes after 5 years of operation

Bitcoin Co. Ltd. (BX.in.th), one of Thailand's largest cryptocurrency exchanges, suddenly announced its closing.

The exchange said it wants to focus on“Other business opportunities” without revealing specific details. BX.in.th will disable the possibility of replenishing accounts on September 6 and stop trading after September 30.

In this regard, all customers of the trading platform must withdraw funds from the exchange before November 1.

Bitcoin Co. Ltd. She also stated that she did not intend to obtain a license for exchange activity from the Thai securities regulator, the Securities and Exchange Commission (SEC), for the next year.

“We are grateful to our regular customers forusing the BX.in.th service for the last 5 years [...] Please note that all funds are completely safe and all customers will receive a 100% refund.

According to data provider CoinMarketCap, the recent 24-hour volume of BX.in.th was estimated at more than $ 10 million.