Thailand’s Bitkub Inks MoU with OKEx

Asia Blockchain Review
August 13, 2019
Thailand’s Bitkub Inks MoU with OKEx

Bitkub Capital Holding Group, a cryptocurrency exchange platform based in Thailand, announced its partnership with OKEx, a global exchange platform, to develop crypto trading services for Thai users.

MoU to Drive Crypto-to-Crypto Trading

According to Siam Blockchain, Bitkub Chairman Sakolkorn Sakavee signed the Memorandum of Understanding (MoU) with OKEx Vice President James Jiang on August 1st, 2019 in Bangkok.

“The partnership will allow both companies to link the infrastructures of both platforms together,” said Sakolkorn. “Bitkub will be able to operate at a higher capacity thanks to its exclusive partnership with one of the exchanges with the highest trading volume in the world like OKEx.”

Sakolkorn added that Bitkub stands out with its service mind and premium 24/7 customer care.

“We are not just an exchange: we aim to develop blockchain technology in numerous ways in order to fully serve our Thai users,” Sakolkorn added.

Higher Competition in Thailand’s Crypto Market

Recently, Thailand’s Securities and Exchange Commission has allowed businesses to submit applications for licenses in the country, with foreign companies now competing directly with home-grown exchanges.

Sakolkorn said that he is determined to compete with foreign exchanges in the Thai market.

“Bitkub must increase its capability in order to compete with exchanges based overseas. Our exclusive partnership with OKEx fully aligns with this goal,” he said.

Bitkub is a digital asset and cryptocurrency exchange platform that offers advanced cryptocurrency exchange services for users with a total of 27 currencies and a registered capital of 50 million baht.

OKEx, formerly OKcoin, is one of the oldest Bitcoin exchanges in the world with over 20 million customers in 100 countries. 

Source: https://siamblockchain.com


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