Bitcoin surpassed $60K on March 13, 2021 for the first time ever. Even though the price went down to near $54K afterward, the pullback is considered healthy since it may be caused by possible profit taking.
Currently, the market bull run shows no sign to end, and the number of retail investors is still increasing, which might bring huge service burdens to many trading service providers.
In February, Bitkub, claiming to be the largest crypto exchange in Thailand, announced that it stopped accepting new users. Earlier, the trading service system of Bitkub crashed several times because of huge amount of user trading activities. The U.S. Securities and Exchange Commission (SEC) asked the company not to serve new users until Bitkub’s trading system has enough capacity for existing trading activities.
To Thai investors, there are many platforms for them as options to trade crypto assets, which includes domestic trading service providers like Bitkub, and international exchanges like Bityard. Bityard, with Binance, the world’s largest crypto spot trading platform, as the liquidity provider, launched its advanced spot trading service with more than 70 trading pairs in 2020. People can buy and sell Bitcoin as well as other popular altcoins on Bityard easily.
Bityard is the world’s leading cryptocurrency derivative exchange, providing crypto spot trading, contracts for difference (CFDs) trading, and copy trade services in over 150 countries. In future, Bityard will provide more advanced crypto trading services to its users.