Bitkub Eyes 2025 IPO: Plans Workforce Expansion Amid Crypto Boom in Thailand
April 1, 2024Bitkub Capital Group Holdings, owner of Thailand's leading cryptocurrency exchange, aims to go public by 2025.
The company is set to expand its workforce by 100%, planning to add 1,000 new employees.
Financial advisors are being hired to facilitate the IPO process for Bitkub.
With a dominant 77% market share in Thailand, Bitkub is positioned for growth in a market of over 13 million crypto users.
The Solana blockchain's new meme coin, Slothana, has attracted $500k in investment, targeting 'degen' investors.
Bitkub is considering international financial centers, such as Hong Kong, for its potential listing.
Summary based on 6 sources
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Sources
CoinDesk • Apr 1, 2024
Thai Crypto Exchange Bitkub Plans 2025 IPO: BloombergCointelegraph • Apr 1, 2024
Thailand’s biggest crypto exchange goes on hiring spree ahead of IPOFinancial and Business News | Finance Magnates • Apr 1, 2024
Thailand's Top Crypto Exchange to Go Public in Expansion PlansCoinJournal • Apr 1, 2024
Thailand's Bitkub laying the ground for its IPO