Thai Crypto Exchange Bitkub Eyes $3 Billion Valuation in Planned IPO

Bitkub Online, Thailand's leading cryptocurrency exchange, is gearing up for an IPO next year, with CEO Jirayut Srupsrisopa suggesting a potential valuation of up to $3 billion. The exchange, which contributes about 80% of its parent company Bitkub Capital Group's profits, has caught the attention of investors after being valued at approximately $165 million during a Series A funding round last July. With plans to go public in the pipeline and the hiring of financial advisers underway, Bitkub's IPO could mark a significant milestone in the Southeast Asian cryptocurrency market.