Thailand's largest crypto exchange is preparing for an IPO in 2025
Date: 2024-04-02 Author: Oliver Abernathy Categories: IN WORLD
Bitkub Capital Group Holdings, which owns Thailand's largest cryptocurrency exchange, plans to hold an IPO in 2025, Bloomberg reports. This step is intended to increase the company's credibility and attract additional funding.
New stage for Bitkub: public offering of shares
Bitkub is reportedly planning a public offering on the Stock Exchange of Thailand. The purpose of the IPO is not only to attract investment, but also to strengthen its position in the cryptocurrency market in the country.
Steps to success: preparing for an IPO
Bitkub is currently busy hiring financial advisors to properly prepare for its public debut. This move demonstrates the company's seriousness and commitment to a successful listing.
New challenges: competition and market growth
Bitkub faces increasing competition in the Thai market. Crypto exchanges such as Binance and Kasikornbank Pcl are actively seeking to increase their share of this promising market.
Success in numbers: growth in the number of active accounts
However, despite the competition, interest in cryptocurrencies in Thailand continues to grow. In March of this year, the number of active cryptocurrency trading accounts reached 238,000, which is an important indicator for Bitkub's potential success in the public market.
