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Thailand s Second-Largest Bank, Kasikornbank, Acquires Local Crypto Exchange

Kasikornbank, Thailand's second-largest bank, has acquired 97% of the shares of Satang Corporation Co. Ltd, a crypto exchange based in Thailand.

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Kasikornbank takes over a regional crypto exchange

Kasikornbank, the second-largest bank in Thailand in terms of assets, has acquired a regional crypto exchange to expand its crypto business.

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Thailand s KBank buys local crypto exchange Satang in $103m deal

In the latest move to ramp up its crypto business, Thailand’s second-largest lender Kasikornbank (KBank) has purchased a 97% stake in Satang Corporation.

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Thailand s Kasikorn Bank buys majority stake in Satang crypto exchange

The lender, known as K-bank, said it will also open three additional crypto subsidiaries.

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K-Bank Acquires Majority Stake in Satang Crypto Exchange

K-Bank acquires 97% stake in Thailand's Satang crypto exchange for $102.8M, aims for 20% market share by 2024, and rebrands as Orbix with new branches.

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