New Support For Thai Baht-Crypto Trading Launched On OKEx’s C2C Platform

OKEx is presently one of the top five cryptocurrency exchanges, offering a client-to-client (C2C) trading platform. The company has continually added support for fiat currencies to trade against major crypto assets on the platform, and the Thai baht has just been added to their lineup. According to a press release on February 14th, the baht can be traded against Bitcoin, Tether, Ethereum, and Litecoin right now, though users are required to first complete KYC verification to establish eligibility.

The press release stated,

“In view of the fast-growing digital asset community in Thailand, OKEx has launched the C2C (customer-to-customer) fiat-to-token trading service for Thai Baht (THB) on its platform, filling the high demand in the global markets, and at the same time, fulfilling its role of a trailblazer in driving blockchain adoption globally.”

OKEx chose to host a conference in Bangkok called MindXChange, which was meant to “bring industry leaders together to exchange ideas on blockchain technologies.” MindXChange participants were able to discuss some of the evolving regulatory developments that are impacting crypto and blockchain. Some of those participants included Nattapon Nimakul (Katinrun and Kulap), Jake Choi (Fantom Foundation), Sivanus Yamdee (Coin Asset Exchange), and Jirayut Srupsrisopa (Bitkub). The discussion also centered around the changes in Thailand’s digital asset industry, and how the group could work towards faster innovation.

The first announcement that support would be added for the baht actually was published towards the end of January. In the same release, the platform targeted the onboarding of local merchants to be a part of this new market.

Presently, OKEx is the home to 400 trading pairs for tokens and futures and is headquartered in Malta. Their platform’s services allow millions of users around the world to connect in 200 countries and regions. At press time, OKEx has been seeing about $446.6 million in daily trading.

Blockchain was implemented in a use case for Thailand last month, when the National Electronics and Computer Technology Center (NECTEC) implemented an e-voting option, alongside the traditional voting system. Once the technology is fully adopted, NECTEC plans to make voting into a process that is entirely done through distributed ledger technology.

Bitcoin (BTC), Ethereum (ETH), XRP (Ripple), and BCH Price Analysis Watch (Feb 14th)

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