Brief Overview
Bitkub is a leading cryptocurrency exchange in Thailand, holding a prominent position in the world of digital assets. Established in 2018, Bitkub quickly became a significant player in the cryptocurrency market. The exchange belongs to the new generation of financial platforms that provide access to a wide range of digital assets, facilitating cryptocurrency trading and investments.
Brief History
Jirayut Srupsrisopa, Bitkub's Founder and CEO, played a pivotal role in the company's development. His vision and leadership have helped the exchange achieve unicorn startup status in Thailand, a major accomplishment in the rapidly growing world of digital currencies.
In 2021, Bitkub garnered attention from the Siam Commercial Bank Group, which announced plans to acquire a controlling stake in the exchange. However, due to unresolved regulatory issues, the deal was canceled in 2022. Despite this setback, Bitkub continued its development and announced plans for international expansion, particularly in the Southeast Asian region.
Bitkub faced many challenges. In December 2021, the exchange was fined 3.9 million baht for violations, including issues with system disruptions, violations of trading rules, insufficient customer support and control over market activities, improper storage of customer assets, and compliance system issues.
Tools
Bitkub offers trading features, including multi-cryptocurrency wallets and user-friendly technical analysis tools. Additionally, the exchange provides various withdrawal options for businesses, making it appealing to corporate clients seeking to enhance their payment systems.
To support its growth and handle increased traffic, Bitkub relies on Amazon Web Services. The company leverages solutions such as Amazon EKS, Amazon RDS, Amazon S3, and Amazon Redshift. These technologies help the exchange scale, maintain security and reliability at a high level, and deliver quality services to users.
The exchange attaches great importance to safety issues and the resilience of its platform. Leveraging AWS services helps the exchange be reliable and secure.
Available Assets
Bitkub offers popular cryptocurrencies, including Bitcoin, Ethereum, Ripple, and many others. The trading volumes on the exchange are quite large, exceeding $35 million per day as of January 2024. The platform supports over 100 trading pairs.
Wrapping up, Bitkub is a dynamically evolving cryptocurrency exchange that plays a crucial role in Thailand's digital asset market. Through Bitkub, both individual investors and large corporations access a broad range of cryptocurrency services and opportunities.
Founder & Group CEO