THELOGICALINDIAN - The Securities and Barter Commission of Thailand SEC issued an adjustment adjoin a bounded cryptocurrency barter to briefly stop its operations Bitkub has been in the account back the alpha of the year due to several outages suffered in their systems
Crypto Exchange Suffered Three Massive Outages Since the Beginning of 2024
According to Bangkok Post, the banking babysitter gave the barter bristles days, starting January 20, to break all the abstruse issues. Mainly, their desktop trading belvedere suffered three outages back January 2.
The added incidents happened on January 3 and 16, said the bounded media outlet. One of the affidavit abaft the ascent cardinal of outages is the fasten in crypto prices, accurately in bitcoin (BTC). In consequence, Bitkub couldn’t handle trading volumes, declared a antecedent quoted by Bangkok Post.
However, afterwards actuality abeyant for 16 hours back the SEC’s adjustment to briefly shut down, Bitkub re-opened its adaptable appliance belvedere for trading purposes. As of columnist time, Bitkub’s desktop belvedere charcoal with its operations halted.
After accepting “heavy complaints” from users about the connected interruptions in the services, the SEC reportedly absitively on allurement the crypto barter to shut down.
The SEC’s lath met on January 18 to altercate casual a resolution acute Bitkub to abide the alteration plan and alteration issues.
Bitkub’s Crypto Market Share in Thailand
Bangkok Post states that Bitkub is advised the best accepted crypto barter in Thailand. In fact, they accept a 97% allotment of the bazaar based on the aggregate of accounts and circadian trading.
The aggregation appear on January 7 that they accept about 800,000 alive trading accounts. However, an bearding antecedent told the media aperture there are aloof 300,000 – 400,000 accounts. By commendation the being accustomed with the matter, Bangkok Post explained:
What do you anticipate about the SEC’s adjustment on the Thai crypto exchange? Let us apperceive in the comments area below.
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