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