HIP Coffee & Restaurant in Thailand has become home to cryptocurrency traders, adding screens showing the latest market moves. The café also offers free crypto investment consulting and is planning on starting its own cryptocurrency coin
Behind a calm exterior of cherry blossom trees, customers of HIP Coffee & Restaurant stare at their laptops, supping nervously on iced coffee - part of a surging interest in digital assets in Thailand that has regulators worried.
"It's exciting for me to be here because I get to meet people who share the same interests," said Detnarong Satianphut, a 35-year-old crypto trader."We get to exchange information because in the trading world we are coming up against millions of people." Cryptocurrencies have been gaining momentum in Thailand, with as much as 251 billion baht in digital asset traded in November, according to the latest official data.A staff member shows one of the local leading crypto exchange Bitkub's logo at a cafe which has dozens of screens showing the latest trends and prices on various cryptocurrencies for their crypto investors' customers in Nakhon Ratchasima, Thailand January 21, 2022.
"Having so many screens helps a lot ... We immediately know and get to analyse crashing factors and whether we should buy," said 23-year-old trader Apakon Putnok.Reporting by Vorasit Satienlerk and Jiraporn Kuhakan; Writing by John Geddie; Editing by Tom HogueSubscribe to our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
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