Revision 952020201 of "Draft:Bitkub" on enwiki

{{Infobox company
| name = Bitkub
| logo = Bitkub.com logo.png
| type = [[Private company|Private]]
| industry = [[Financial services]]
| foundation = 2018
| founder = Atthakrit Chimplapibul, Topp Jirayut Srupsrisopa, Atichanan Pulges, Sakolkorn Sakavee, Sugrit Phutaviriya
| location = [[Bangkok]], [[Thailand]]
| area_served = Worldwide
| key_people = Jirayut Srupsrisopa, Sakolkorn Sakavee
| products = [[Cryptocurrency exchange ]]
| aum = 
| num_employees = 
| homepage = [https://www.bitkub.com/ www.bitkub.com/]|
}}

'''Bitkub''' is a  [[digital asset]] and [[cryptocurrency exchange]] company based in [[Bangkok]], [[Thailand]].<ref>Jirayut Srupsrisopa,{{cite news|url=https://www.bangkokpost.com/business/1835294/cryptocurrencies-and-the-job-market/|title=Cryptocurrencies and the job market|last=|first=|date=14 January 2020|newspaper=[[Bangkok Post]]|accessdate=18 April 2020}}</ref><ref>Nuntawun Polkuamdee,{{cite news|url=https://www.bangkokpost.com/business/1722899/bitkub-signs-mou-with-chinese-okex|title=Bitkub signs MoU with Chinese OKEx|last=|first=|date=2 August 2019|newspaper=[[Bangkok Post]]|accessdate=18 April 2020}}</ref>

== History ==
Bitkub was founded in Thailand in February 2018 with a valuation of 525 million baht (≈ 17 mln USD) and investment from Total Access Communication Plc, DTAC Accelerate and SEAx.<ref>Polkuamdee Nuntawun,{{cite news|url=https://www.bangkokpost.com/tech/local-news/1571274/bitkub-prepares-for-variety|title=Bitkub prepares for variety|last=|first=|date=10 November 2018|newspaper=[[Bangkok Post]]|accessdate=18 April 2020}}</ref> The company raised a total of $1.67m in pre-Series A round.<ref>Quynh Nguyen,{{cite news|url=https://www.dealstreetasia.com/stories/thai-bitkub-pre-series-a-round-153087/|title=Thai cryptocurrency exchange Bitkub raises $1.67m in pre-Series A round|last=|first=|date=9 September 2019|newspaper=dealstreetasia.com|accessdate=18 April 2020}}</ref>

In October 2018, Bitkub as an exchange received the permission to operate the business until further notice.<ref>Polkuamdee Nuntawun,{{cite news|url=https://www.bangkokpost.com/business/news/1552238/digital-asset-trading-licences-issued-soon-says-bitkub|title=Digital asset trading licences issued soon, says Bitkub|last=|first=|date=5 October 2018|newspaper=[[Bangkok Post]]|accessdate=18 April 2020}}</ref> As at November 2018, the exchange had over 20,000 user accounts and was providing 6 cryptocurrencies trading pairs including [[Bitcoin]], [[Ethereum]], [[Cardano]], OmiseGo, Wanchain and [[Bitcoin Cash]] against [[Thai Baht]].<ref name="NAT">Asina Pornwasin,{{cite news|url=http://www.nationmultimedia.com/detail/Startup_and_IT/30358281|title=Bitkub sets sights on DISRUPTING|last=|first=|date=10 November 2018|newspaper=nationmultimedia.com|accessdate=18 April 2020}}</ref> The company planned to launch 20 more cryptocurrencies with a total 26 cryptocurrencies to the platform.<ref name="NAT"/>

In January 2019, the company received cryptocurrency and digital token exchange license to operate from the [[Ministry of Finance (Thailand)|Thai Ministry of Finance]].<ref>Jaclyn Teng,{{cite news|url=https://www.techinasia.com/bitkub-gets-license-in-thailand|title=Crypto exchange gets license to operate in Thailand|last=|first=|date=9 January 2019|newspaper=techinasia.com|accessdate=18 April 2020}}</ref> In August 2019, the web-version was shut down to be reworked and again released in the future.<ref>{{cite news|url=https://medium.com/changefinance/change-is-ready-for-kyber-network-new-collaboration-announcement-21cf8b2c117b|title=Change is ready for Kyber Network: new collaboration announcement|last=|first=|date=5 April 2018|newspaper=medium.com|accessdate=18 April 2020}}</ref>

In January 2020, Bitkub entered into partnership with  [[Ripple (payment protocol)|Ripple]]  to enhance cross-border [[XRP]] transactions.<ref>Solomon Odunayo,{{cite news|url=https://heraldsheets.com/2020/01/18/ripple-seals-partnership-with-bitkub-to-enhance-cross-border-xrp-transactions/|title=Ripple Seals Partnership with Bitkub to Enhance Cross-Border XRP Transactions|last=|first=|date=18 January 2020|newspaper=heraldsheets.com|accessdate=18 April 2020}}</ref><ref>{{cite news|url=https://dailyhodl.com/2020/01/17/ripple-partnering-with-thailand-crypto-exchange-to-boost-xrp-payments-network/|title=Ripple Partnering With Thailand Crypto Exchange to Boost XRP Payments Network|last=|first=|date=17 January 2020|newspaper=dailyhodl.com|accessdate=18 April 2020}}</ref>

==Products and services==
Bitkub offers exchange services to individuals who intend to buy, sell, and store [[cryptocurrency]].<ref>JP Buntinx,{{cite news|url=https://cryptomode.com/bitkub-becomes-the-official-partner-of-ripple-in-thailand/|title=Bitkub Becomes the Official Partner of Ripple in Thailand|last=|first=|date=19 January 2020|newspaper=cryptomode.com|accessdate=18 April 2020}}</ref><ref> Trevor Holman,{{cite news|url=https://www.cryptonewsz.com/bitkub-baggs-funding-of-1-67m-in-pre-series-a-round/|title=Bitkub Baggs Funding of $1.67m in Pre-Series A Round|last=|first=|date=9 September 2019|newspaper=cryptonewsz.com|accessdate=18 April 2020}}</ref> Currently, the company has 34 cryptocurrency trading pairs against [[Thai Baht]].<ref>Mili Semlani,{{cite news|url=https://e27.co/bitkub-brings-bitcoin-to-bangkok-thailands-cryptocurrency-exchange-raises-pre-series-a-round-20190923/|title=Bitkub, Bitcoin and Bangkok: Thailand's cryptocurrency exchange raises pre-series A round|last=|first=|date=23 September 2019|newspaper=e27.co|accessdate=18 April 2020}}</ref><ref>Darana Chudasri And Pathom Sangwongwanich,{{cite news|url=https://www.bangkokpost.com/tech/1675188/the-other-side-of-the-coin|title=The other side of the coin|last=|first=|date=10 May 2019|newspaper=bangkokpost.com|accessdate=18 April 2020}}</ref>

==See also==
* [[Cryptocurrency]]
* [[Cryptocurrency exchange]]
* [[Thai baht]]
* [[List of bitcoin companies]]

== References ==
{{Reflist|2}}

== External links ==
* [https://www.instagram.com/bitkub/  Bitkub on [[Instagram]]]
* [https://www.facebook.com/bitkubofficial  Bitkub on [[Facebook]]]
* [https://www.twitter.com/bitkubofficial  Bitkub [[Twitter]] Handle]
* [https://www.linkedin.com/company/bitkub  Bitkub on [[LinkedIn]]]

[[:Category:Companies established in 2018]]
[[:Category:Companies of Thailand]]
[[:Category:Bitcoin companies]]
[[:Category:Bitcoin exchanges]]