Thailand’s Bitkub Is Planning Crypto Expansion In SE Asia | CryptoGazette
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The crypto mass adoption is going great, and there are a lot of moves that are taking the crypto space on the right track. Stay tuned and see what more is happening these days and taking the crypto adoption higher.
Financial Times notes that Bitkub, Thailand’s biggest cryptocurrency trading company, plans to expand its operations into other south-east Asian countries this year.
This is what the founder and chief executive Topp Jirayut Srupsrisopa said recently.
According to the same publication, Topp said that while Bitkub was not embarking on a “bloodshed war” with dominant trading platforms in the region such as Indodax, one of Indonesia’s biggest Bitcoin and crypto exchanges, it was targeting countries without strong incumbents.
“We are planning to go into a country without a clear winner yet because we don’t want to go into a war with big established players.”
This is what Topp said in an interview with the Financial Times.
He continued and explained the following:
“We believe this kind of business has a network effect and economies of scale attached to it, so we want to be the first to launch a product.”
We suggest that you check out the complete article in order to find out more details about all this.
Anthony Pompliano talks about the current crypto market
It’s been revealed that Morgan Creek Digital co-founder Anthony Pompliano is currently addressing key on-chain metrics to determine whether Bitcoin (BTC) whales are already accumulating the king coin as it trades close to $30,000.
He recently said that Bitcoin whales have largely stayed on the sidelines during the latest sharp correction that saw BTC lose over 50% of its value in two months.
“There’s still a lack of large buyers. The whales on-chain, those entities with over a 1,000 Bitcoin, they simply are not buying in any material way. It’s basically just going sideways.”
The Bitcoin bull says that whales need to start gobbling up BTC in order for its price to start rising.
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