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Bitcoin futures trading is available for Thai investors

Bitcoin futures trading is available for Thai investors

Phillip Securities Thailand Ltd became the first brokerage company in Thailand, which announced the launch of services for the purchase and sale of bitcoin futures for investors registered on the CBOE and CME exchanges.

The authorities that regulate this sector in Thailand have allowed trading activities to the head of the company, but noted that each client must apply for the derivative service of the firm. It allows users to sell and buy futures on fifteen global markets.

In addition, in order to cover the investment margin, each investor must contribute a certain amount of money in dollars.

Another important aspect is that the Central Bank of Thailand grants permission to invest in other countries' financial assets, but warns about possible risks that may be associated with cryptocurrencies.

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