Thailand-based digital property change Bitkub is mulling an preliminary public providing (IPO) in Hong Kong, folks aware of the matter instructed Bloomberg.
The change might look to boost roughly $200 million from the IPO, presumably subsequent 12 months, the sources mentioned, including that discussions are ongoing and particulars might nonetheless shift.
Bitkub, based in 2018, beforehand thought-about an IPO in Thailand, however the dour efficiency of the home inventory market performed spoilsport. Thailand’s inventory market, one of many worst performers globally this 12 months, has seen a mean of over 12% drop in listings in 2025, with the index itself falling 10%.
Bitkub is Thailand’s largest cryptocurrency change with a complete 24-hour buying and selling quantity of $60.75 million, in line with information from Coingecko.
Hong Kong is actively seeking to set up itself because the regional digital asset hub, supported by a transparent regulatory roadmap from the Securities and Futures Fee (SFC) and Hong Kong Financial Authority (HKMA).
