Thailand’s Largest Crypto Exchange Bitkub Sets Sights on 2025 IPO in Home Country
Bitkub Capital Group Holdings, the parent company of Bitkub, Thailand’s largest cryptocurrency exchange, has revealed plans to conduct an initial public offering (IPO) in 2025.
The company aims to go public on the Stock Exchange of Thailand, CEO Jirayut Srupsrisopa said in a recent interview with Bloomberg .
Bitkub is currently in the process of hiring financial advisers to assist with the IPO listing.
The announcement follows a previous indication from Bitkub in a shareholder letter from 2023, where the company expressed its intention to pursue an IPO in Thailand, albeit without specifying a specific timeframe.
The crypto trading landscape in Thailand has become increasingly competitive, with rivals such as Binance and Kasikornbank Pcl making moves to capture market share from Bitkub over the past six months.
The number of active crypto trading accounts in Thailand reached 238,000 in March, the highest level since September 2022, as reported by the Securities and Exchange Commission .
Thailand crypto community is so blasting
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