Bitget Plans to Buy Licensed Thai Exchange, Targets Oct. 31 Close

Bitget plans to acquire licensed Thai exchange operator GMO-Z.com Cryptonomics (Thailand) Co., Ltd. through a local company, a step toward regulated operations in Thailand and a wider Southeast Asian presence. The proposed buyer, BTGT Management (Thailand) Ltd., is a company in which Bitget holds an interest. GMO Internet, Inc. disclosed the proposed sale to BTGT Management. The sale price has not been disclosed. The target is listed among Thailand’s licensed digital asset exchange operators. Bitget plans to introduce its trading platform to Thai users if the acquisition is completed. The acquisition remains subject to regulatory approval and other conditions.

Also reported by The Defiant.

Source: TokenPost