Orbix Technology News Today

Mr. Pipit Aneaknithi (on the left of the picture), President of KASIKORNBANK, the leader in financial product innovation and services in Thailand, and Ms. Christine Tan (on the right of the picture), Managing Director and Head of Asia Pacific -

Kasikornbank (Kbank) in Thailand said today that it is acquiring 97% of the shares in a local cryptocurrency exchange Satang through a subsidiary

EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.

Thailand’s Kasikornbank, also known as KBank, acquired 97% of shares in the operator of the Satang crypto exchange.

Kasikornbank, Thailand's second-largest bank, has acquired 97% of the shares of Satang Corporation Co. Ltd, a crypto exchange based in Thailand.

Kasikornbank, the second-largest bank in Thailand in terms of assets, has acquired a regional crypto exchange to expand its crypto business.

In the latest move to ramp up its crypto business, Thailand’s second-largest lender Kasikornbank (KBank) has purchased a 97% stake in Satang Corporation.

The lender, known as K-bank, said it will also open three additional crypto subsidiaries.

K-Bank acquires 97% stake in Thailand's Satang crypto exchange for $102.8M, aims for 20% market share by 2024, and rebrands as Orbix with new branches.

Discover how Thailand's KBank secured Satang, a cryptocurrency exchange, in a strategic move. Get insights on the acquisition process and its implications.