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 for this 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 Thailand’s stock exchange to increase its brand visibility and raise capital for business expansion.
As Bitkub prepares for its IPO, competition is heating up in Southeast Asia’s crypto market. Competitors, such as Binance and Kasikornbank Pcl, are actively trying to gain market share in the region. The increase in active crypto trading accounts in Thailand, which reached 238,000 in March, reflects the growing interest and participation in the sector.
Bitkub is expanding its workforce with the aim of increasing its headcount to 3,000 by 2025 in anticipation of the IPO. Despite regulatory challenges, including the proposed repeal editing
editing
Acquisition means acquiring or acquiring or securing assets, services or capabilities. Simply put, it is the act or process of acquiring or acquiring. You can acquire artwork, you can acquire abilities like speaking another language, you can buy shares in a business or company, and you can hire the services of an accountant. For example, you can buy a new car. In a broad sense, acquisition is the act of owning or taking possession of something. there
Acquisition means acquiring or acquiring or securing assets, services or capabilities. Simply put, it is the act or process of acquiring or acquiring. You can acquire artwork, you can acquire abilities like speaking another language, you can buy shares in a business or company, and you can hire the services of an accountant. For example, you can buy a new car. In a broad sense, acquisition is the act of owning or taking possession of something. there
Read this term Through SCB X Pcl, Bitkub is eyeing expansion into Southeast Asia.
Last year, Bitkub acquired Bitkub Online Co. sold stake in and increased its valuation. A significant portion of Bitcube Capital’s revenue is from Bitcube Online. Thus, the company expects the trading volume to increase after the IPO.
Recently, Thailand’s Securities and Exchange Commission (SEC) authorized asset management companies to venture into digital assets 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.
The Bitcube Eyes Crypto Market is Growing in Thailand
The decision to allow investment in Bitcoin ETFs was made after careful consideration by the Thai SEC, acknowledging the increased interest in cryptocurrencies in a bullish market. with Bitcoin
Bitcoin
Some may still be wondering what Bitcoin is, who created Bitcoin, or how Bitcoin works, but one thing is certain: 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 Laszlo Haniecz, a Florida resident, traded 10,000 bitcoins for 2 pizzas at his local Papa John’s to make the first official commercial transaction of BTC with a real company. Now one can argue that
Some may still be wondering what Bitcoin is, who created Bitcoin, or how Bitcoin works, but one thing is certain: 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 Laszlo Haniecz, a Florida resident, traded 10,000 bitcoins for 2 pizzas at his local Papa John’s to make the first official commercial transaction of BTC with a real company. Now one can argue that
Read this term Institutional demand for digital assets has surged in Thailand, 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 paved the way for such investment vehicles, Thai regulators initially expressed reservations due to the basic nature of bitcoin ETFs and their potential implications for the local market.
However, categorizing ETFs as securities rather than digital assets has opened the way for Thai securities firms to expand the investment landscape, facilitating trading. The Thai regulator aims to increase financial inclusion and diversification opportunities by giving institutional investors regular access to bitcoin.
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 for this 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 Thailand’s stock exchange to increase its brand visibility and raise capital for business expansion.
As Bitkub prepares for its IPO, competition is heating up in Southeast Asia’s crypto market. Competitors, such as Binance and Kasikornbank Pcl, are actively trying to gain market share in the region. The increase in active crypto trading accounts in Thailand, which reached 238,000 in March, reflects the growing interest and participation in the sector.
Bitkub is expanding its workforce with the aim of increasing its headcount to 3,000 by 2025 in anticipation of the IPO. Despite regulatory challenges, including the proposed repeal editing
editing
Acquisition means acquiring or acquiring or securing assets, services or capabilities. Simply put, it is the act or process of acquiring or acquiring. You can acquire artwork, you can acquire abilities like speaking another language, you can buy shares in a business or company, and you can hire the services of an accountant. For example, you can buy a new car. In a broad sense, acquisition is the act of owning or taking possession of something. there
Acquisition means acquiring or acquiring or securing assets, services or capabilities. Simply put, it is the act or process of acquiring or acquiring. You can acquire artwork, you can acquire abilities like speaking another language, you can buy shares in a business or company, and you can hire the services of an accountant. For example, you can buy a new car. In a broad sense, acquisition is the act of owning or taking possession of something. there
Read this term Through SCB X Pcl, Bitkub is eyeing expansion into Southeast Asia.
Last year, Bitkub acquired Bitkub Online Co. sold stake in and increased its valuation. A significant portion of Bitcube Capital’s revenue is from Bitcube Online. Thus, the company expects the trading volume to increase after the IPO.
Recently, Thailand’s Securities and Exchange Commission (SEC) authorized asset management companies to venture into digital assets 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.
The Bitcube Eyes Crypto Market is Growing in Thailand
The decision to allow investment in Bitcoin ETFs was made after careful consideration by the Thai SEC, acknowledging the increased interest in cryptocurrencies in a bullish market. with Bitcoin
Bitcoin
Some may still be wondering what Bitcoin is, who created Bitcoin, or how Bitcoin works, but one thing is certain: 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 Laszlo Haniecz, a Florida resident, traded 10,000 bitcoins for 2 pizzas at his local Papa John’s to make the first official commercial transaction of BTC with a real company. Now one can argue that
Some may still be wondering what Bitcoin is, who created Bitcoin, or how Bitcoin works, but one thing is certain: 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 Laszlo Haniecz, a Florida resident, traded 10,000 bitcoins for 2 pizzas at his local Papa John’s to make the first official commercial transaction of BTC with a real company. Now one can argue that
Read this term Institutional demand for digital assets has surged in Thailand, 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 paved the way for such investment vehicles, Thai regulators initially expressed reservations due to the basic nature of bitcoin ETFs and their potential implications for the local market.
However, categorizing ETFs as securities rather than digital assets has opened the way for Thai securities firms to expand the investment landscape, facilitating trading. The Thai regulator aims to increase financial inclusion and diversification opportunities by giving institutional investors regular access to bitcoin.