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Thai Crypto Exchange Bitkub Plans 2025 IPO

The owner of Thai crypto exchange Bitkub Online plans to sell shares to the public next year and is in the process of hiring financial advisers, Bitkub Capital Group CEO Jirayut Srupsrisopa told Bloomberg. Thailand's biggest crypto exchange provides about 80% of the Bangkok-based parent's profit and is 9.2% owned by Asphere Innovations. The initial public offering (IPO) is expected to value the exchange at around 6 billion baht ($165 million), Jirayut said. Bitkub is also facing increased competition. In January, Binance Thailand – a venture of the world's largest crypto exchange by trading volume and Gulf Innova – opened for business.


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