Thai Digital Asset Exchange adds Ripple (XRP) trading

Thailand-based cryptocurrency exchange Thai Digital Asset Exchange (TDAX) has announced that the company now supports trading on Ripple (XRP). The company has enabled a market for Thai baht and includes trading for XRP/THB plus XRP/BTC and XRP/ETH.

Last week, the Thai exchange had its bank account closed at Bangkok Bank (BBL) which told the company they would have to stop using its account to operate TDAX. This is due to a Bank of Thailand announcement that first seeks cooperation from the banks regarding cryptocurrency activities. Currently, in Thailand, there is no law in place to support exchange activity.

TDAX subsequently suspended all deposits from Bangkok Bank bank accounts, while withdrawal via Bangkok Bank is still operating.

The exchange, launched in September 2017 also supports USDT and blockchain assets including OMG, LTC, NEO.

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