# Zipmex Thailand suspends trading until January 31 2024

- Link: https://www.thailand-business-news.com/banking/113844-zipmex-thailand-suspends-trading-until-january-31-2024
- Published: 2023-11-26T22:34:05+07:00
- Author: Li Zhong

Zipmex Thailand, a digital asset exchange platform, has temporarily suspended digital
asset trading until January 31, 2024. This decision has been made in order to comply
with the regulations set by Thailand’s Securities and Exchange Commission (SEC).

## Key Takeaways

 * Zipmex Thailand has temporarily suspended digital asset trading until January
   31, 2024, in order to comply with the criteria set by Thailand’s Securities and
   Exchange Commission.
 * Customers can still withdraw Thai baht and digital assets from their Trade Wallet
   during this period, but withdrawals after January 31, 2024, will require contacting
   Customer Support and may take up to 14 days.
 * Gulf Binance, a joint venture between Gulf Innova and Binance, has obtained approval
   to start trading cryptocurrencies in Thailand, posing competition to Zipmex and
   other exchanges.

Zipmex faced accusations last year of operating without SEC permission, and now 
faces competition from Gulf Binance, which has obtained approval to start trading
crypto in Thailand.

### Related**Posts**

###  󠀁[USD to THB Exchange Rate Today: Thai Baht Moves with Global Market Trends](https://www.thailand-business-news.com/banking/331689-usd-to-thb-exchange-rate-today-thai-baht-moves-with-global-market-trends)󠁿

###  󠀁[Bank of Thailand Unveils Framework to Shield Financial Sector from Illicit Activities](https://www.thailand-business-news.com/banking/328409-bank-of-thailand-unveils-framework-to-shield-financial-sector-from-illicit-activities)󠁿

###  󠀁[Tokenised Deposits vs Stablecoins: Why Thailand’s Cautious Path Differs from Hong Kong and Singapore](https://www.thailand-business-news.com/banking/321239-tokenised-deposits-vs-stablecoins-why-thailands-cautious-path-differs-from-hong-kong-and-singapore)󠁿

###  󠀁[Thailand’s economy in July saw growth, boosted by the momentum of the global technology and AI cycle](https://www.thailand-business-news.com/banking/326128-the-thai-economy-in-july-expanded-from-the-previous-month)󠁿

ADVERTISEMENT

> During this period, all customers will be able to withdraw both Thai Baht and 
> digital assets from the Trade Wallet as usual through the website and mobile application
> until January 31, 2024.
>  [https://www.facebook.com/ZipmexThailand](https://www.facebook.com/ZipmexThailand)

Starting from January 31, 2024, customers will need to reach out to Customer Support
in order to make withdrawals, as the company will suspend the option to withdraw
through the website and mobile application. It is important to keep in mind that
the withdrawal process for digital assets may take approximately 7-14 days to be
fully completed.