184:
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149:(Bitkub Capital Co., Ltd.). It was founded in 2018 by Jirayut Srupsrisopa, and was among the first exchanges to receive a digital asset license from the country's Securities and Exchange Commission, in 2019. It claims to be the largest cryptocurrency exchange in the country, with a share of 90% of crypto transactions based on 2021 data from regulated exchanges. In November 2021,
1682:
27:
201:
surged from late 2020, but the spike in activity overwhelmed its systems, causing multiple crashes in
January 2021, prompting the exchange to temporary shutdown; the SEC ordered rectification of the issues. The SEC also ordered a suspension of new user registration until the company could demonstrate
196:
The company reported rapid growth in revenue, from 3 million baht in 2018 to 30 million and 300 million over the next two years, and 3.28 billion during the first three quarters of 2021. It benefited from the abrupt closure of BX.in.th in 2019, and the rush into cryptocurrency trading as the price of
173:
Jirayut
Srupsrisopa, the main co-founder of Bitkub and CEO of Bitkub Capital, was one of Thailand's first tech entrepreneurs to enter the cryptocurrency business. He had previously co-founded the Bitcoin wallet operator Coins.co.th (a partner of Philippines-based Coins.ph, which was acquired by
223:
In
December 2021, Bitkub was fined a total of 3.9 million baht for eight infractions including system outages and disruptions, violating trading rules, insufficient customer support, insufficient market surveillance, improper customer asset storage, and improper compliance system.
178:. By the end of the year, it had become Thailand's second-largest digital currency exchange, after BX.in.th. It was one of the first four exchanges to receive operating licences from the
165:
stated that the reason for cancellation was due to Bitkub's ongoing lawsuit with
Thailand's Securities and Exchange Commission for the alleged involvement in wash and inside trading.
174:
Go-Jek in 2019), before leaving to raise funding for Bitkub, which was founded in
February 2018 with a registered capital of 50 million baht, backed mainly by mobile operator
1725:
270:
643:
217:
start-up companies. This deal was later scrapped in August 2022, with Siam
Commcercial Bank Group abandoning this due to unresolved regulatory issues.
1730:
1630:
352:
1610:
209:
announced an acquisition deal in which it would (pending regulatory approval) acquire a 51-percent stake in Bitkub Online for 17.85 billion
1720:
1620:
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the resilience of its systems, which was lifted in April. In May, the company introduced its own cryptocurrency, Bitkub Coin (KUB).
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37:
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691:
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676:
271:"From troublemaker to Thailand's first fintech unicorn â tracking Jirayut Srupsrisopa's crypto journey"
213:($ 535 million), placing its total valuation at over $ 1 billion and making it one of Thailand's first
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1189:
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157:(US$ 537 million), valuing the company at over $ 1 billion and making it one of Thailand's first
242:
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978:
706:
701:
214:
158:
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1391:
1116:
1111:
1092:
849:
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1386:
508:"Thai Siam Commercial Bank makes $ 537 mln acquisition in digital asset exchange Bitkub"
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1381:
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983:
755:
750:
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652:
55:
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announced that it would acquire a 51-percent stake in the company for 17.85 billion
907:
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611:
353:"Crypto Exchange Becomes Unicorn, Coin Surges 200% After Banking Giant Buys Stake"
585:
1650:
1539:
1411:
1275:
243:"Go-Jek buys fintech startup Coins.ph for $ 72M ahead of Philippines expansion"
220:
The company has announced plans for international expansion in
Southeast Asia.
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873:
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start-up companies. However, on 25th August 2022, the deal was cancelled. The
59:
51:
612:"Digital asset firms hit with huge fines for insecure transactions, deposits"
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26:
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96:
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804:
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210:
175:
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625:
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533:
Polkuamdee, Nuntawun; Wiriyapong, Nareerat (26 August 2022).
403:
Polkuamdee, Nuntawun; Chudasri, Darana (20 January 2021).
324:"Thailand issues its first licenses to 4 crypto exchanges"
118:
560:"Bitkub plots expansion in bid to be Asia's Coinbase"
298:"For 'Topp', no use resisting the urge to coin money"
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457:"April sees surge in retail cryptocurrency traders"
346:
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104:
91:
83:
65:
43:
33:
483:"Bitkub Coin debuts on exchange in stable trade"
431:"SEC bars Bitkub from registering new clients"
379:"SEC asked to shut out large foreign entrants"
265:
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8:
19:
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25:
18:
586:"āļ.āļĨ.āļ. āļŠāļąāđāļāļāļĢāļąāļ"āļāļīāļāļēāļāļāđāļē-āļāļīāļāļāļąāļ-āļŠāļāļēāļāļāđ""
377:Polkuamdee, Nuntawun (26 November 2019).
193:began regulating digital asset services.
1726:Financial services companies of Thailand
429:Polkuamdee, Nuntawun (5 February 2021).
296:Polkuamdee, Nuntawun (8 December 2018).
233:
16:Thailand-based cryptocurrency exchange
1611:Decentralized autonomous organization
535:"SCB X scraps Bitkub investment plan"
7:
1681:
405:"Bitkub told to fix platform issues"
351:Nguyen, Anuchit (3 November 2021).
455:Chudasri, Darana (22 April 2021).
180:Securities and Exchange Commission
14:
1621:Distributed ledger technology law
241:Russell, John (18 January 2019).
189:(SEC), in January 2019, when the
1692:
1680:
1669:
1668:
481:Chudasri, Darana (21 May 2021).
322:Russell, John (9 January 2019).
1731:2018 establishments in Thailand
87:Jirayut Srupsrisopa and others
1:
147:Bitkub Capital Group Holdings
566:. Bloomberg. 1 December 2021
682:Cryptographic hash function
592:(in Thai). 24 December 2021
1747:
1721:Digital currency exchanges
207:Siam Commercial Bank Group
143:āļāļĢāļīāļĐāļąāļāļāļīāļāļāļąāļ āļāļāļāđāļĨāļāđ āļāļģāļāļąāļ
1664:
1641:Initial exchange offering
1616:Decentralized application
1596:Cryptocurrency in Nigeria
145:) under its parent group
142:
24:
1646:List of cryptocurrencies
1533:Crypto service companies
1324:Cryptocurrency exchanges
135:Bitkub Online Co., Ltd.
131:cryptocurrency exchange
119:https://www.bitkub.com/
1581:Complementary currency
687:Decentralized exchange
672:Cryptocurrency tumbler
1636:Initial coin offering
1591:Cryptocurrency bubble
1122:Basic Attention Token
692:Decentralized finance
677:Cryptocurrency wallet
71:; 6 years ago
1631:Environmental impact
1601:Cryptocurrency scams
129:is a Thailand-based
69:2 February 2018
1286:Inactive currencies
614:. 24 December 2021.
191:Ministry of Finance
106:Number of employees
21:
746:Proof of authority
717:Non-fungible token
697:Distributed ledger
205:In November 2021,
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1707:
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1007:
1006:
707:Lightning Network
590:Krungthep Turakij
514:. 2 November 2021
277:. 6 December 2021
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1656:Virtual currency
1606:Digital currency
1586:Crypto-anarchism
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1231:HBAR (Hashgraph)
1214:Other currencies
850:Ethereum Classic
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653:Cryptocurrencies
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1626:Double-spending
1576:Blockchain game
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1559:Related topics
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984:Nervos Network
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756:Proof of stake
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751:Proof of space
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722:Smart contract
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56:Cryptocurrency
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922:RandomX-based
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771:Proof of work
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1550:Initiative Q
1351:
908:Bitcoin Gold
800:Counterparty
795:Bitcoin Cash
606:
594:. Retrieved
589:
580:
568:. Retrieved
564:Bangkok Post
563:
554:
542:. Retrieved
539:Bangkok Post
538:
528:
516:. Retrieved
511:
502:
490:. Retrieved
487:Bangkok Post
486:
476:
464:. Retrieved
461:Bangkok Post
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92:Headquarters
34:Company type
1651:Token money
1540:Hyperledger
1412:EDX Markets
1276:WhopperCoin
1172:Stablecoins
570:11 December
518:11 December
492:11 December
466:11 December
440:11 December
414:11 December
388:11 December
362:11 December
333:11 December
307:11 December
281:11 December
252:11 December
183: [
1715:Categories
1571:BitLicense
1515:QuadrigaCX
1498:bankruptcy
1462:ShapeShift
1407:Crypto.com
1294:BitConnect
1246:MobileCoin
1015:currencies
874:Bitconnect
869:Auroracoin
773:currencies
739:mechanisms
667:Blockchain
660:Technology
596:16 January
328:TechCrunch
247:TechCrunch
228:References
99:, Thailand
76:2018-02-02
60:Blockchain
52:Technology
1402:Coincheck
1304:KodakCoin
1152:Shiba Inu
1137:KodakCoin
1127:Chainlink
1053:Injective
1027:Avalanche
989:Primecoin
737:Consensus
544:31 August
357:Bloomberg
1675:Category
1397:Coinbase
1377:Bitstamp
1357:Bitpanda
1347:bitFlyer
1342:Bitfinex
1266:SafeMoon
1226:Filecoin
1205:USD Coin
1073:Polkadot
1068:Peercoin
1048:Gridcoin
1042:Ethereum
1022:Algorand
999:Vertcoin
969:AmbaCoin
899:Equihash
889:Litecoin
884:Dogecoin
844:Ethereum
820:Peercoin
815:Namecoin
810:MazaCoin
712:MetaMask
44:Industry
1687:Commons
1566:Airdrop
1545:IQ.Wiki
1510:Mt. Gox
1481:Defunct
1467:Uniswap
1427:Genesis
1362:Bithumb
1337:Binance
1309:OneCoin
1271:Stellar
1157:The DAO
1147:Polygon
1117:Aventus
1032:Cardano
825:Titcoin
790:Bitcoin
781:SHA-256
512:Reuters
215:unicorn
199:Bitcoin
169:History
159:unicorn
115:Website
97:Bangkok
84:Founder
74: (
66:Founded
48:Bitcoin
38:Private
1520:Thodex
1447:Kucoin
1442:Kraken
1422:Gemini
1392:Circle
1367:BitMEX
1352:Bitkub
1299:Coinye
1261:Ripple
1236:Helium
1200:Tether
1105:tokens
1103:ERC-20
1078:Solana
1037:EOS.IO
941:-based
929:Monero
901:-based
879:Coinye
862:-based
860:Scrypt
837:-based
835:Ethash
783:-based
127:Bitkub
20:Bitkub
1488:BTC-e
1472:Upbit
1432:Huobi
1417:eToro
1372:Bitso
1314:Petro
1195:Terra
1142:Minds
1112:Augur
1088:Tezos
1083:Steem
1044:(2.0)
994:Verge
962:Other
953:Petro
913:Zcash
846:(1.0)
187:]
1699:List
1452:Kuna
1382:BTCC
1332:Abra
1251:Nano
1241:Luna
1221:Chia
1185:Diem
1162:TRON
979:IOTA
974:Firo
948:Dash
805:LBRY
727:Web3
702:Fork
598:2022
572:2021
546:2022
520:2021
494:2021
468:2021
442:2021
416:2021
390:2021
364:2021
335:2021
309:2021
283:2021
254:2021
211:baht
176:DTAC
155:baht
139:Thai
110:500+
1493:FTX
1457:OKX
1387:BUX
1256:NEO
1190:Pax
1180:Dai
1132:Kin
1093:TON
1063:Nxt
1058:Kin
939:X11
163:SCB
151:SCB
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