Bitkub, Thailand's Leading Crypto Exchange, Announces 2025 IPO Plans

The IPO aims to enhance the company's profile and includes a potential Hong Kong listing, with a valuation of around $165 million.

Bitkub Capital Group Holdings, Thailand's largest crypto exchange, plans an IPO in 2025 to raise its profile and secure funding.
The IPO is expected to value Bitkub Online, its crypto exchange unit, at approximately $165 million.
The company is exploring a potential listing in Hong Kong in addition to its planned IPO on the Stock Exchange of Thailand.
Bitkub is expanding its workforce to 3,000 by 2025, despite cutting its headcount in the previous two years.
The number of active crypto trading accounts in Thailand has reached its highest level since September 2022.