Bitkub, Thai Crypto Exchange Eyes IPO in 2025

IndustryTrends

Bitkub Online, Thailand's top crypto exchange, plans an IPO next year, hiring financial advisers.

The IPO aims to value Bitkub at $165 million, with 80% of the parent's profit sourced from the exchange.

Rising Bitcoin prices correlate with increased demand for crypto accounts in Thailand.

Bitkub faces new competition from Binance Thailand, launched in January.

Siam Commercial Bank's Bitkub acquisition halted; Bitkub faced legal issues for volume manipulation.

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