Thai crypto exchange unicorn Bitkub seeks to expand SE Asia footprint

Thai crypto exchange unicorn Bitkub seeks to expand SE Asia footprint

Thailand’s largest digital asset exchange Bitkub, which recently struck a deal with the country’s oldest lender Siam Commercial Bank (SCB) at unicorn valuation, is seeking to expand its regional footprint by taking its brand to Vietnam, Malaysia and the Philippines next year, a top executive with the firm told DealStreetAsia.

SCB acquired a 51% stake in Bitkub for 17.85 billion baht ($537.17 million) last month. The deal is expected to be completed by the first quarter of 2022.

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