Bitget has announced plans to acquire a licensed cryptocurrency exchange in Thailand, seeking to establish local operations less than a month after a security breach affected approximately $388 million in assets.
Summary
- Bitget plans to acquire GMO-Z.com Cryptonomics, a licensed Thai cryptocurrency exchange operator, through BTGT Management.
- GMO Internet has scheduled the proposed share transfer for October 31, subject to regulatory approval and other conditions.
- GMO Internet and its Thai subsidiary plan to sell their combined 99.94% stake in the exchange operator.
- GMO-Z.com Cryptonomics reported a 74.16 million baht operating loss in 2025, according to the seller’s…
