Binance may be the most popular cryptocurrency exchange in the country, surpassing its competitors such as Bitkub based solely on anecdotal evidence. "All my friends use Binance," said Kittivit Kanokwanvimol, a local cryptocurrency trader based in Bangkok. "Binance does not currently have exchange operations in Thailand nor do we actively solicit Thai users," said a Binance spokesperson in an email to the Bangkok Post. Before the direct deposits, Binance users in Thailand had to deposit baht with a local exchange, convert it into cryptocurrency and then send it to Binance. By his own estimate, Mr Patikorn said about 90% of Thai traders use Binance, with the other 10% scattered around local exchanges.

Source: Bangkok Post August 02, 2021 00:00 UTC