One of Thailand’s largest cryptocurrency exchanges Bitcoin Co. Ltd. (BX) today announced it is closing this month.
The exchange will stop accepting deposits after September 6, and after September 30 will stop trading. BX asked customers to withdraw any funds held on the exchange to their own bank accounts or e-wallets before November 1.
Without revealing details, BX said it wants to focus on “other business opportunities.” The company also announced that it will not attempt to obtain a license for the exchange of digital assets from the Thai Securities and Exchange Commission (SEC) for next year.
“We thank our regular customers for using our services over the past 5 years. Please note that all funds are safe and all customers will receive 100% of their funds, ”the exchange said in a statement.
Note that, according to CoinMarketCap, the daily trading volume on the BX exchange is estimated at $ 10 million, and most of the transactions are carried out in bitcoin.
In July, the Polish Bitmarket cryptocurrency exchange closed due to a “loss of liquidity,” and in June the Dutch blockport exchange also announced its closure. In addition, at the beginning of summer, the Polish cryptocurrency exchange Coinroom closed without returning customer deposits.