While regulators in South Korea and elsewhere cracking down on cryptocurrency trading, Thai investors have got the green light to speculate on the digital tender.
Phillip Securities Thailand is offering Thais keen on joining the growing number of Asian based investors access to trade in the cryptocurrency, through global derivatives trading services, according to several local media reports.
Using a process of «self-certification,» CME Group started trading bitcoin futures in the U.S. in December, after receiving approval from the regulator. The move marked the first time bitcoin was traded on a Wall Street exchange and under federal supervision.
At year-end, almost 80 percent of global bitcoin trading volume originated from Japan, South Korea and Vietnam, according to CryptoCompare. China had accounted for the bulk of trading, until regulators put the kibosh on cryptocurrency trading earlier this year. Now Thai investors could soon be joining the growing throng from the region to put faith in the digital tokens.
