Thailand's top crypto exchange to go public in expansion plans


Bitkub Capital Group Holdings, the parent company of Thailand's largest cryptocurrency exchange Bitkub, has announced plans to go public in 2025. The company has hired financial advisors to prepare for this impending change.

According to a recent interview quoted by bloomberg, Bitkube's CEO, Jirayut Surupsrisopa, unveiled the ambitious strategy. Srupsrisopa said the company will be listed on the Stock Exchange of Thailand to increase its brand visibility and raise capital for business expansion.

As Bitkube prepares for its IPO, competition is increasing in Southeast Asia's crypto market. Rivals such as Binance and Kasikornbank PCL are actively competing for market share in the sector. Active crypto trading accounts in Thailand increased to 238,000 in March, reflecting growing interest and participation in the sector.

In anticipation of the IPO, Bitkube is reportedly expanding its workforce with the goal of increasing its headcount to 3,000 by 2025. Despite regulatory challenges including scrapping the proposed acquisition

acquisition

Acquisition means acquiring or taking possession or securing assets, services or capabilities. Simply put, it is the action or process of obtaining or receiving. You can acquire a work of art, you can acquire the ability to speak another language, you can acquire a business or shares in a company, and you can acquire the services of an accountant. For example, you may buy a new car. In a broader sense, acquisition can mean the act of taking ownership or possession of something. There

Acquisition means acquiring or taking possession or securing assets, services or capabilities. Simply put, it is the action or process of obtaining or receiving. You can acquire a work of art, you can acquire the ability to speak another language, you can acquire a business or shares in a company, and you can acquire the services of an accountant. For example, you may buy a new car. In a broader sense, acquisition can mean the act of taking ownership or possession of something. There
read this term By SCB x PCL, Bitkube is eyeing expansion in Southeast Asia.

Last year, Bitkub sold a stake in Bitkub Online Company, increasing its valuation. Bitkub Online is a major contributor to Bitkub Capital's earnings. Thus, the company is expected to increase its trading volume after the IPO.

Recently, Thailand's Securities and Exchange Commission (SEC) authorized asset management firms to venture into the digital asset by launching a private fund dedicated to investing in US-listed Bitcoin ETFs. While retail investors are excluded from participating, institutional investors and ultra-high-net-worth individuals have the opportunity to invest in Bitcoin through regulated channels.

Bitkube eyes growth of crypto market in Thailand

Recognizing the growing interest in cryptocurrencies amid a bullish market, the decision to allow investments in Bitcoin ETFs was taken by the Thai SEC after careful deliberation. with Bitcoin

Bitcoin

While some people may still be wondering what Bitcoin is, who created Bitcoin, or how Bitcoin works, one thing is for sure: Bitcoin has changed the world. No one can remain indifferent to this revolutionary, decentralized, digital asset or its blockchain technology. In fact, we've come a long way since Florida resident Laszlo Hanecz made the first official commercial transaction of BTC with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John's. Now one could argue that

While some people may still be wondering what Bitcoin is, who created Bitcoin, or how Bitcoin works, one thing is for sure: Bitcoin has changed the world. No one can remain indifferent to this revolutionary, decentralized, digital asset or its blockchain technology. In fact, we've come a long way since Florida resident Laszlo Hanecz made the first official commercial transaction of BTC with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John's. Now one could argue that
read this term Institutional demand for digital assets in Thailand has reached unprecedented highs, recently surpassing $70,000.

Despite the excitement surrounding Bitcoin ETFs, regulators remain cautious, citing the inherent risks associated with the digital asset. While the US has paved the way for such investment vehicles, Thai regulators initially expressed reservations due to the nascent nature of Bitcoin ETFs and their potential impact on the local market.

However, classifying ETFs as securities rather than digital assets has paved the way for Thai securities firms to expand the investment landscape, facilitating trading. The Thai regulator aims to promote greater financial inclusion and diversification opportunities by providing regulated access to Bitcoin for institutional investors.

Bitkub Capital Group Holdings, the parent company of Thailand's largest cryptocurrency exchange Bitkub, has announced plans to go public in 2025. The company has hired financial advisors to prepare for this impending change.

According to a recent interview quoted by bloomberg, Bitkube's CEO, Jirayut Surupsrisopa, unveiled the ambitious strategy. Srupsrisopa said the company will be listed on the Stock Exchange of Thailand to increase its brand visibility and raise capital for business expansion.

As Bitkube prepares for its IPO, competition is increasing in Southeast Asia's crypto market. Rivals such as Binance and Kasikornbank PCL are actively competing for market share in the sector. Active crypto trading accounts in Thailand increased to 238,000 in March, reflecting growing interest and participation in the sector.

In anticipation of the IPO, Bitkube is reportedly expanding its workforce with the goal of increasing its headcount to 3,000 by 2025. Despite regulatory challenges, including the cancellation of the proposed acquisition

acquisition

Acquisition means acquiring or taking possession or securing assets, services or capabilities. Simply put, it is the action or process of obtaining or receiving. You can acquire a work of art, you can acquire the ability to speak another language, you can acquire a business or shares in a company, and you can acquire the services of an accountant. For example, you may buy a new car. In a broader sense, acquisition can mean the act of taking ownership or possession of something. There

Acquisition means acquiring or taking possession or securing assets, services or capabilities. Simply put, it is the action or process of obtaining or receiving. You can acquire a work of art, you can acquire the ability to speak another language, you can acquire a business or shares in a company, and you can acquire the services of an accountant. For example, you may buy a new car. In a broader sense, acquisition can mean the act of taking ownership or possession of something. There
read this term By SCB x PCL, Bitkube is eyeing expansion in Southeast Asia.

Last year, Bitkub sold a stake in Bitkub Online Company, increasing its valuation. Bitkub Online is a major contributor to Bitkub Capital's earnings. Thus, the company is expected to increase its trading volume after the IPO.

Recently, Thailand's Securities and Exchange Commission (SEC) authorized asset management firms to venture into the digital asset by launching a private fund dedicated to investing in US-listed Bitcoin ETFs. While retail investors are excluded from participating, institutional investors and ultra-high-net-worth individuals have the opportunity to invest in Bitcoin through regulated channels.

Bitkube eyes growth of crypto market in Thailand

Recognizing the growing interest in cryptocurrencies amid a bullish market, the decision to allow investments in Bitcoin ETFs was taken by the Thai SEC after careful deliberation. with Bitcoin

Bitcoin

While some people may still be wondering what Bitcoin is, who created Bitcoin, or how Bitcoin works, one thing is for sure: Bitcoin has changed the world. No one can remain indifferent to this revolutionary, decentralized, digital asset or its blockchain technology. In fact, we've come a long way since Florida resident Laszlo Hanecz made the first official commercial transaction of BTC with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John's. Now one could argue that

While some people may still be wondering what Bitcoin is, who created Bitcoin, or how Bitcoin works, one thing is for sure: Bitcoin has changed the world. No one can remain indifferent to this revolutionary, decentralized, digital asset or its blockchain technology. In fact, we've come a long way since Florida resident Laszlo Hanecz made the first official commercial transaction of BTC with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John's. Now one could argue that
read this term Institutional demand for digital assets in Thailand has reached unprecedented highs, recently surpassing $70,000.

Despite the excitement surrounding Bitcoin ETFs, regulators remain cautious, citing the inherent risks associated with the digital asset. While the US has paved the way for such investment vehicles, Thai regulators initially expressed reservations due to the nascent nature of Bitcoin ETFs and their potential impact on the local market.

However, classifying ETFs as securities rather than digital assets has paved the way for Thai securities firms to expand the investment landscape, facilitating trading. The Thai regulator aims to promote greater financial inclusion and diversification opportunities by providing regulated access to Bitcoin for institutional investors.


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