Bitkub exchange eyes Hong Kong IPO as Thai markets slump to 5-year lows: Report
NegativeCryptocurrency
- Bitkub, a prominent Thai cryptocurrency exchange, is reportedly planning to pursue an initial public offering (IPO) in Hong Kong to raise approximately $200 million, as Thailand's markets face significant downturns, hitting five-year lows. This strategic shift comes amid a challenging economic landscape for the Thai market.
- The move to Hong Kong's equity market is crucial for Bitkub as it seeks to capitalize on the growing interest in cryptocurrency and secure funding to bolster its operations during a period of instability in Thailand.
- This development reflects a broader trend of cryptocurrency firms seeking opportunities in more favorable markets, as evidenced by the recent surge in crypto trading volumes in Hong Kong, which increased by 233% in the first half of 2025, highlighting the contrasting fortunes of different regional markets.
— via World Pulse Now AI Editorial System
