US EditionThai Crypto Exchange Bitkub Weighs Hong Kong IPO: Report
Bitkub aims to raise $200 million through a Hong Kong IPO as Thailand's market falls 10%, with regulators supporting the city as a digital asset hub.
- Next year, Thailand-based digital assets exchange Bitkub is weighing an IPO in Hong Kong and may seek to raise roughly 200 million dollars, according to Bloomberg.
- After a stalled domestic listing attempt, Bitkub faced Thailand's stock market dropping over 12% this year, while Hong Kong offers a clear regulatory roadmap from the SFC and HKMA.
- Bitkub, Thailand's largest crypto exchange, reports a 24-hour trading volume of $60.75 million and was founded in 2018, giving it established local roots as it weighs a cross-border listing.
- Positioning as a regional digital-asset hub, Hong Kong’s clear roadmap from the Securities and Futures Commission and Hong Kong Monetary Authority supports Bitkub’s potential listing, Bloomberg reported.
- People familiar with the matter told Bloomberg that discussions are ongoing and details could still shift, with timing and terms remaining unsettled as Bitkub weighs a move next year.
15 Articles
15 Articles
Thailand’s Bitkub Mulls $200M Hong Kong IPO for Early 2026
Bitkub, Thailand’s largest cryptocurrency exchange, is reportedly considering a $200 million IPO in Hong Kong as early as 2026, people familiar with the matter told Bloomberg. The move would mark a strategic shift after plans for a domestic IPO in Thailand stalled. The country’s equity market has struggled this year, with the Stock Exchange of Thailand (SET) falling around 10%. The talks are in early stages, and the details—such as timing and st…
The challenges in the Thai stock market have deterred Thai companies from searching for local IPOs. Bitkub would seek to capture up to $200 million with its public outlet in Hong Kong, according to reports. *** Thailand’s largest cryptocurrency exchange seeks public outlet in Hong Kong. The challenges of the Thai stock market deter Bitkub from a local IPO. Hong Kong emerges as a center of financial and crypto innovation in Asia. Bitkub, Thailand…
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