Today news
About the same in other media
26.11 - 12:49
Thai Bank SCB Acquires Local Crypto Exchange Bitkub for $536.7M
Reading now: 527
blockchain.newsThailand’s oldest bank, Siam Commercial Bank Plc (SCB), announced on Tuesday, November 2, that it acquired a majority stake (51%) in local cryptocurrency exchange Bitkub for a deal worth 17.85 billion baht ($536.7 million).
Arthid Nanthawithaya, the CEO of Siam Commercial Bank, talked about the development and said that the bank bought the local digital asset exchange Bitkub due to the fact that businesses in the digital asset space have witnessed significant growth over the previous two years and the sector holds massive potential value in the long-term.
With the purchase, Siam bank signalled that it aims to strengthen and grow the digital asset ecosystem in Thailand.
Mr. Nanthawithaya mentioned that the acquisition will “help the SCBX
Read more on blockchain.newsAbout this in other media
World Economic Forum releases findings of interoperability study on three CBDCs ambcrypto.com /2 years ago
Mining Bitcoin is putting communities on the frontline of the climate crisis at risk, say experts euronews.com /2 years ago
Singapore-based OCBC looking to set up crypto exchange, to address customer needs ambcrypto.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
