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Chinese Exchange Is Setting up Southeast Asian Crypto Trading Hub

Zb.com a chinese crypto exchange and a trading App accessible to traders on tip of their fingers is launching a new branch. The full-fledged brand of Zb.com will be opening in Thailand with plans to make itself a Southeast Asian Crypto Trading Hub.

The news rolled out with the recent announcement by Thai Government that outlines a new regulatory framework for cryptocurrencies and Initial Coin Offerings. This made Zb.com to begin a crypto trading platform in Thailand.

On a urge to form a crypto hub

After a statutory rule to regulate cryptocurrencies and Initial Coin Offerings came into the force in Thailand. However, the authorities framed country’s tax code to feature crypto taxation. The regulations claims to penalize crypto traders if they fail to register within a period of 90 days.

With this, the Zb.com have taken a step forward to initiate a branch in Thailand.

The Co-founder of Zb.com Dawei Li, says that the company is planning to explore its digital currency trading platform in Thailand. It cites to provide knowledge and understanding of blockchain technology and investment in digital assets to Thai investors. The investors maintain a recruiting strategic partners to fascinate more foreign investors to invest in Thailand.

Dawei Li—Founder&CEO of ZbTalk with Stefan Lindgren, co-founder of JoorsChain at Blockchain Summit in Crypto Valley Zug, Switzerland.
Dawei Li—Founder&CEO of ZbTalk with Stefan Lindgren, co-founder of JoorsChain at Blockchain Summit in Crypto Valley Zug, Switzerland.

Zb.com is secure point to audit and exchange various cryptocurrencies in the market. Basically, ZB is an easy method to operate and expand crypto application for the people all over the world. It is a well-established platform which strives hard to provide ultimate  solution for its registered customers.

The processing transaction fee on Zb.com is 0.1%. Zb.com is endorsed by the various digital currencies like BTC (Bitcoin), LTC (Litecoin) , BCH (Bitcoin Cash), ETH (Ethereum), ETC Ethereum Classic, EOS, QTUM (Quantum), NEO, SNT, AE, ICX FUN and TZB.

Thai regulation on crypto assets

The key focus of Thai’s  new regulation is to keep an eye on investors, trades, sellers and purchases dealing with cryptocurrencies. In this regard, Rapee Sucharitakul, SEC secretary-general noted that “Offerings of digital token are not allowed until the regulations are announced”. The public hearing takes place within 2-3 weeks as the investment in digital token are complicated and haul certain risk on it.  

BitKan listed on Zb.com

Zb.com came into a news for listing Bitkan token on its platform. Bitkan is a Bitcoin directing data and trading services provider and KAN token. Leon Lu, Chairman of BitKan says that the team is not boosting people to speculate on KAN. They are hoping that the price of KAN can measure the quality of the content on K site and the value of K site. The crypto exchanges provides the trading of 16 cryptocurrencies against the Thai, baht, BTC and ETH.

The Chinese based exchange has various branches in China, U.S, Canada, Switzerland, Australia and South Korea. As per Coinmarketcap, Zb.com has listed 59 coins including KAN which is recently featuring on the platform. Currently, Zb.com has more than 3 millions  customers worldwide.

BW.com and Zb.com Joined Hands with QUOINE

Last year, BW.com (crypto exchange) and Zb.com got partnership with QUOINE. It is a leading global fintech firm which promotes and expedites liquidity towards isolated digital currencies and fiat markets. BW.Com is zealously providing users a simple, professional, secure and dynamic mining platform.  QUOINE have created a borderless liquidity pool through QUOINE LIQUID.

What’s your opinion on the step taken by Zb.com to explore their service in Thailand. Share your thoughts on Twitter and Telegram.

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Sara Noah

Sara Noah is steadily working on cryptocurrency evaluations, news, and fluctuations in digital currency prices. She is guest author associated with many cryptocurrencies admin and contributes as an active guide to readers about recent updates on virtual currencies.

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