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Coin25 Establishes Subsidiary in Thailand to Go Global
Expanding into Overseas Markets
Coin25 Establishes Subsidiary in Thailand to Go Global
  • By Jung Suk-yee
  • November 14, 2018, 11:08
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Officials of South Korea-based cryptocurrency exchange Coin25 celebrate the opening of a subsidiary in Bangkok, Thailand.

Coin25, a Korean cryptocurrency exchange, announced on Nov. 13 that the company recently set up a subsidiary in Bangkok, Thailand, and is operating more than 60 branches in Thailand and Laos.

The exchange is seeking to secure overseas users as part of its push for globalization.

The Thai virtual currency market is growing rapidly as the Thai government has allowed commercial banks to carry out the cryptocurrency business.

Coin25 will provide a variety of transaction services by utilizing Korean cryptocurrency Mecon Cash. It plans to ensure that customers can trade cryptocurrencies safely based on accurate information and analysis.