Bitget to Acquire GMO’s Thai Crypto Exchange in Southeast Asia Expansion
Photo: TheCoinrise
The deal for GMO-Z.com Cryptonomics gives Bitget a licensed foothold in Thailand as it deepens its regional footprint. Bitget has agreed to acquire GMO-Z.com Cryptonomics, a licensed crypto exchange operating in Thailand under Japan's GMO Internet Group. The acquisition was reported by Investing.com Crypto, Cointelegraph, and Cryptopolitan on October 20. Terms of the transaction were not disclosed in the available reporting. The purchase gives Bitget direct access to a regulated exchange already operating inside Thailand's crypto framework. Entering a new market through acquisition, rather than building a license from scratch, can shorten the path to regulatory approval.
Source: TheCoinrise
