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Bitkub Eyes Hong Kong IPO Amid Thai Market Weakness

Bitkub Eyes Hong Kong IPO Amid Thai Market Weakness

Author:

Global Cryptocurrency

Published:

2025-11-24 12:22:02

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BTCCSquare news:

Thailand's largest cryptocurrency exchange, Bitkub, is pivoting to Hong Kong for a $200 million public offering by 2026. The move follows abandoned plans for a Thai IPO, where the SET Index's 25% year-to-date decline underscored liquidity challenges.

CEO Jirayut Srupsrisopa framed the Hong Kong listing as a gateway to global capital and crypto-friendly regulation. The decision reflects institutional pragmatism: Hong Kong's financial ecosystem offers deeper liquidity and investor appetite compared to Thailand's risk-averse domestic market.

Bitkub's strategic shift mirrors broader trends of crypto firms targeting jurisdictions with regulatory clarity. The exchange joins a wave of Asian digital asset platforms leveraging Hong Kong's status as a regional financial hub.

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