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Crypto Updates

Thailand’s Top Crypto Exchange to Go Public in Expansion Plans

IPO

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

According to a recent interview quoted by Bloomberg,
Bitkub’s CEO, Jirayut Srupsrisopa, unveiled the ambitious strategy. Srupsrisopa
noted that the company will be listed on the Stock Exchange of Thailand to enhance
its visibility and raise capital for business expansion.

As Bitkub prepares for its IPO, competition in
Southeast Asia’s crypto market is heating up. Rivals such as Binance and
Kasikornbank Pcl have been actively vying for market share, intensifying the
competition landscape. The surge in active crypto trading accounts in
Thailand, reaching 238,000 in March, reflects the growing interest and
participation in the sector.

Bitkub is ramping up its workforce, aiming to increase
its headcount to 3,000 by 2025 in anticipation of the IPO. Despite regulatory
challenges, including the scrapping of a proposed acquisition by SCB X Pcl,
Bitkub is eying expansion in Southeast Asia.

Last year, Bitkub’s sale of its stake in Bitkub Online
Co. boosted the exchange’s valuation. Bitkub Online accounts for a significant
portion of Bitkub Capital’s earnings. Thus, the company expects a growth in
trading volumes following this transaction.

Expect ongoing updates as this story evolves.

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

According to a recent interview quoted by Bloomberg,
Bitkub’s CEO, Jirayut Srupsrisopa, unveiled the ambitious strategy. Srupsrisopa
noted that the company will be listed on the Stock Exchange of Thailand to enhance
its visibility and raise capital for business expansion.

As Bitkub prepares for its IPO, competition in
Southeast Asia’s crypto market is heating up. Rivals such as Binance and
Kasikornbank Pcl have been actively vying for market share, intensifying the
competition landscape. The surge in active crypto trading accounts in
Thailand, reaching 238,000 in March, reflects the growing interest and
participation in the sector.

Bitkub is ramping up its workforce, aiming to increase
its headcount to 3,000 by 2025 in anticipation of the IPO. Despite regulatory
challenges, including the scrapping of a proposed acquisition by SCB X Pcl,
Bitkub is eying expansion in…

Click Here to Read the Full Original Article at CryptoCurrency – Finance Magnates | Financial and business news…

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