Thai crypto investors who are fans of Binance’s namesake token Binance Coin (BNB) can now rejoice, as the two only operating crypto exchanges in Thailand at present – Bitkub and Satang Pro – now offer the coin for trading as of today, December 19.
Both exchanges are well known in the Thai crypto market as they are the only licensed service providers that are currently operating in the country. The number of approved exchanges are few, due to strict Thai Securities and Exchange Commision (SEC) rules regulating crypto-related businesses and services in the country.
According to Poramin Insom, founder of Satang Pro and Zcoin, the BNB/THB pairing was available on December 17. Shortly after Satang Pro’s announcement, its competitor Bitkub made a similar announcement, with BNB available for trading today at 6pm after BNB coins have been deposited with the exchange sometimes earlier in the afternoon.
BNB has been growing in popularity in recent years and its growth has accelerated significantly in the last few months. Currently, BNB is priced at approximately $13.20 at the time of publication, and based on research on the 2019 crypto market performance, BNB dominated the list of best performing coins, surpassing even the growth of Bitcoin. This year, it also set a record new price of $39 mid this year.
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