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Thailand's Bitkub aims for ASEAN expansion with 2025 listing

Crypto exchange founder Topp hopes to create regional digital champion though IPO

Topp Jirayut Srupsrisopa said a listing of Bitkub Capital Group’s cryptocurrency exchange would create a proxy stock for Thailand’s digital services economy, in an April 19 interview with Nikkei. (Nikkei montage/Photo by Kenya Akama and Getty Images)

BANGKOK -- The founder of Thailand's leading cryptocurrency exchange says its anticipated initial public offering would fuel simultaneous expansions into Southeast Asia's developing nations, with the goal of creating a regional champion to compete with the likes of Coinbase and Binance. 

Bitkub Capital Group would direct proceeds from an IPO of its Bitkub Online exchange, set for the end of 2025, to stake a claim in the region's untapped markets where regulators are still developing frameworks for digital assets -- namely Cambodia, Vietnam and Laos. 

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