Thai crypto exchange Bitkub is said to consider IPO in Hong Kong

People walk past the Exchange Square, which houses the Hong Kong Stock Exchange, in Central, Hong Kong, Aug 20, 2025. (EDMOND TANG / CHINA DAILY)

Thai cryptocurrency exchange Bitkub is considering an initial public offering in the Hong Kong Special Administrative Region, people familiar with the matter said, potentially boosting the city’s status as a digital-assets hub.

Founded in 2018, Bitkub has previously considered an IPO in Thailand, but the country’s stock market has been among the world’s worst-performing in 2025, with listings generating a weighted average decline of more than 12 percent. The SET Index has fallen about 10 percent this year.

Bitkub may launch the IPO in the HKSAR as early as next year to raise about $200…

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