British Crypto Exchange Blofin Makes Explosive Debut In Vietnam

Key Points:

• British crypto financial services company Blofin has entered the Vietnamese market, focusing on personalized services and a dedicated support team.
• The exchange aims to boost user involvement by collaborating with key figures, creative initiatives, and local crypto groups in Vietnam.
• Despite Vietnam’s high cryptocurrency adoption rate, the State Bank of Vietnam cautions against the risks associated with cryptocurrencies.

Blofin, a British crypto financial services company, has announced its debut in the Vietnamese market, according to Tech in Asia.

The exchange is personalizing its services to local people’s unique language and needs. Blofin has also formed a dedicated support team to provide fast responses to customer questions throughout the nation.

To create better user involvement, the company claimed it is connecting with key personalities in Vietnam, partnering with creative initiatives, and interacting with local crypto groups. Blofin stands out for offering unprecedented convenience and security to futures trading.

Blofin’s main rivals in Vietnam are Binance, Exness, Bybit, and MEXC. According to reports, Binance is the biggest cryptocurrency exchange in the world in terms of trading volume. CEO of Blofin, Matt Hu, stated:

“With 21% of its population reportedly owning cryptocurrencies, Vietnam has emerged as a global leader in cryptocurrency adoption.”

It is worth mentioning that Pham Minh Chinh, Vietnam’s prime minister, has already highlighted the necessity for the government to properly explore cryptocurrency legislation.

The State Bank of Vietnam has previously cautioned against the dangers of owning, trading, and utilizing cryptocurrencies, underlining that they are not legally protected.

Blofin manages assets, executes transactions, and offers additional services to foreign compliance institutions and clients. It currently has a US federal MSB license, has filed compliance funds with the Cayman Monetary Authority, and is seeking equivalent services in Hong Kong, Singapore, Canada, Switzerland, Australia, and other licensing areas.

Blofin closed a $50 million Series B round of funding in 2022, led by KuCoin and followed by SIG and Matrix Partners China.

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Harold

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