<p>Bitcoin Co. Ltd. (BX.in.th), one of Thailand’s largest cryptocurrency exchanges, today abruptly announced that it is shutting down later this month.</p> <p>The exchange <a href="https://bx.in.th/support/article/discontinuing-trading-services/">said</a> it wants to focus on “other business opportunities,” without giving any specific details. BX.in.th will disable all deposits after Sept. 6 and stop trading services after Sept. 30.</p> <p>Customers, therefore, have been asked to withdraw any funds held at the exchange into their own bank accounts or digital wallets before Nov. 1.</p> <p>Bitcoin Co. Ltd. further said that it will not be seeking to get a Digital Asset Exchange license from Thailand's securities regulator, the Securities and Exchange Commission (SEC), for the next year.<br /> <br /> “We thank our loyal customers for using our BX.in.th services over the past 5 years [...] Please note that all fund[s] are completely safe and all customers will receive 100% of their funds returned to them,” the exchange concluded.<br /> <br /> BX.in.th's recent 24-hour volume was valued at over $10 million, the majority in bitcoin, <a href="https://coinmarketcap.com/exchanges/bx-thailand/">according</a> to data provider CoinMarketCap. </p>