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International Business Times

Business

Marvie Basilan

Thailand's Biggest Crypto Exchange Bitkub Eyes $163M IPO In 2025

Bitkub Crypto Thailand IPO Binance Jirayut Srupsrisopa SBF SEC

Thailand's Bitkub is looking to go public in 2025 even with regulatory ghosts of the past and the fallout of Siam Bank's supposed shares buy. (Credit: Bybit/flickr.com)

KEY POINTS

Bitkub's Jirayut said previously signaled its intent to go public in a 2023 shareholders letter
The exchange accounts for around 80% of its parent company's profits
Competition is expanding in Thailand as Binance Thailand launched in January

Bitkub Capital Group Holdings, which owns Thailand's biggest cryptocurrency exchange Bitkub Online, is aiming for an initial public offering in 2025, its CEO Jirayut Srupsrisopa said Monday.

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