Trinity Securities, Bitkub open digital asset investment service
Trinity Securities has joined hands with cryptocurrency exchange Bitkub to open an investment service for digital assets.
Trinity president Charnchai Kongthongluck said his company is advising customers interested in digital assets to open accounts with Bitkub, and plans an event to promote the new service.
“If we have an opportunity, we will become a digital broker, he said, adding that the new service was initially targeting 100 high-net-worth investors seeking new channels for investment.
Digital asset prices were on the rise, while risks of large fluctuations had fallen from 80 to 90 per cent in previous days to only 50 per cent – in line with investment risks in the stock market, said Charnchai.
This year, bitcoin investors had made 53 per cent returns, while gold investors had made only 32 per cent, he added
Bitkub founder Jirayut Srupsrisopa said the digital asset industry would grow at a high rate, with the current 10 million digital wallet accounts set to grow to 50 million worldwide in the next 10 years.
Bitkub accounts for about 90 per cent of digital asset trading in Thailand, trading around Bt700 million to Bt1 billion a day, according to its founder.
This year has seen a 600-per-cent increase in revenue and customers compared to January to July 2019, said Jirayut.