BANGKOK -- Thai cryptocurrency investors scarred by the crash of 2022 have turned to locally regulated crypto exchanges, giving these trading hubs breathing space in the heavily distressed market.
Bitkub covers 75% of crypto trade in Thailand as competitors falter
Trading volume on Bitkub doubled to $139 billion on the day that global exchange Binance withdrew its offer to bailout its rival FTX. © Reuters
BANGKOK -- Thai cryptocurrency investors scarred by the crash of 2022 have turned to locally regulated crypto exchanges, giving these trading hubs breathing space in the heavily distressed market.