Bitkub Capital Group Holdings, the owner of Thailand’s largest crypto exchange Bitkub, is hiring financial advisers to facilitate its IPO planned for 2025.
Bitkub targets to go public on the Stock Exchange of Thailand in 2025 and is planning to hire 1,000 employees by IPO launch.
Bitkub Capital Group Holdings, the owner of Thailand’s largest cryptocurrency exchange, is hiring financial advisers to facilitate its planned initial public offering listing.Jirayut said that the Thai exchange is looking to add 1,000 employees by 2025, doubling the workforce from the current 2,000 people.
Bitkub initially announced plans to launch an IPO in Thailand in a 2023 shareholder letter without disclosing details. Based in Bangkok, Bitkub is the largest crypto exchange in Thailand, accounting for 77% of the market share as of December 2023,Thailand has emerged as a major crypto player in recent years. It reportedly had more than 13 million crypto users as of 2023, accounting for roughly 18% of its total population,Thailand approves personal income tax exemption for token earningsa 9.2% stake in its crypto exchange unit — called Bitkub Online — to tech holding company Asphere Innovations in July 2023.
According to Jirayut, Bitkub expects Bitkub Online’s valuation to rise as trading volumes on the platform near levels not seen since the last crypto bull market in 2021. Bitkub Online accounts for roughly 80% of Bitkub Capital’s earnings.Highest monthly close ever — 5 things to know in Bitcoin this weekPrisma Finance says $540K still at risk, hacker demands team reveal themselves
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