Thai bank buys stake in crypto exchange
Thailand's second-largest bank has acquired a 97% stake in a company that runs a crypto exchange.
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Thailand's second-largest bank has acquired a 97% stake in a company that runs a crypto exchange.
Thailand's Kasikornbank makes a strategic move into the cryptocurrency world by acquiring a majority stake in local crypto enterprise Satang.
Kasikorn Bank of Thailand, commonly referred to as K-Bank, recently announced its acquisition of 97% of shares in the parent company of the Satang crypto exchange. This platform has been operational since 2017.
Thailand’s second-largest bank, signaling bullish fervor for blockchain after buying out one of the region’s local crypto exchanges through one of its