Increasing Crypto Adoption In Thailand

29 Sep 2020 — Education is the way to go for increasing #Crypto Adoption in Thailand

According to Bangkok Post report today, Trinity Securities Group, a subsidiary of SET-listed Trinity Wattana, plans to encourage investment in #digitalassets by educating 1,000 customers about assets such as #cryptocurrency and other digital assets over the next year.

The managing director of Trinity, Visit Ongpipattanakul, said that while traditional investment assets often move in the same direction, the movement of cryptocurrencies has been random. Mr Visit suggested investing 1-5% of a total portfolio in cryptocurrency or digital assets so that investors can better diversify their investment risks.

He further commented that blockchain is being used in many industries such as financial services, fundraising and land title deed issuance, and therefore they have to familiarise their customers in the traditional investment world with this technology.

Accordingly, last month the company partnered with Bitkub | Thailand’s Digital Asset Exchange, to prepare financial advice on bitcoin and other digital assets.

Previous survey in US and Europe from Fidelity Digital Assets revealed that almost 80% of investors surveyed finding something appealing about the asset class.


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