September 3, 2019 – Thailand’s Bitcoin Co. Ltd. announces it is discontinuing its digital exchange and wallet services to focus “other business opportunities.”
In a press release, the exchange said that all trading on its website Bx.in.th will be closed on September 30th, 2019. Deposits will be disabled after September 6th, 2019. Customers are being advised to withdraw all funds they held in BX to their own bank or crypto wallet before November 1st, 2019. After that date, the website will only be used in such a way for customers to still contact the company for any “outstanding issues.”
Users are assured that all funds are safe and the website will still be available for customer support.
Bitcoin Co. Ltd will not be seeking to renew its Digital Asset Exchange License it acquired from Thailand’s Securities and Exchange Commission. The exchange has been in operation for 5 years. Data from Coinmarketcap reveals 70% of its volume are Bitcoin – Thai Baht trading, valued at $15.35M.
Users in Thailand still have other options like Bitkun and Coins.co.th, the latter of which is part Coins.ph.
This article is first published on BitPinas: Major Thai Exchange is Shutting Down