Bitget Seeks Thai Exchange Acquisition Weeks After $388M Hack

Bitget has announced it is exploring an acquisition of Thailand’s GMO-Z.com Cryptonomics as it looks to deepen its presence in Southeast Asia. The deal, if approved and completed, would give Bitget a path to introduce its trading platform to Thai users through a locally licensed exchange operator. The proposed transaction would be carried out via BTGT Management (Thailand), according to an announcement shared with Cointelegraph . Bitget says it has an interest in BTGT Management (Thailand), but it did not disclose how much or provide financial terms. Completion is targeted for Oct. 31, subject to regulatory approval and other conditions.

Also reported by DeFi Planet.

Source: Crypto Breaking News