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Thailand’s Bitkub Plans to Grow in Southeast Asia – FT

CEO said cryptocurrency platform was not embarking on a “bloodshed war” but planned to target countries without strong incumbents


Bitkub
Siam Commercial Bank acquired a 51% stake in Bitkub for $535 million in 2021. Photo: AFP.

 

Bitkub, Thailand’s biggest cryptocurrency trading company, plans to expand its operations into other Southeast Asian countries this year, founder and chief executive Topp Jirayut Srupsrisopa told the Financial Times.

Topp said that while Bitkub was not embarking on a “bloodshed war” with dominant trading platforms in the region such as Indodax, one of Indonesia’s biggest bitcoin and crypto exchanges, it was targeting countries without strong incumbents.

Read the full report: Financial Times.

 

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.