Thai traders surge into crypto marketA representation of cryptocurrency Bitcoin is seen in this illustration taken on Aug 6. There are currently a total of 1,379,373 cryptocurrency trading accounts in the Thai market, less than half the number of stock market accounts, but with an explosive monthly growth rate. However, cryptocurrency trading can still be considered exclusive as most of the active traders are people in urban areas with high incomes and savings. Cryptocurrencies have been attracting more investors to the market and are expected to continue to rise in popularity. To reduce risk and create opportunities from investing in cryptocurrencies, investors and market authorities need both excellent financial literacy skills and in-depth knowledge of financial technology, Kasikorn Research stated.

Source: Bangkok Post September 08, 2021 23:37 UTC