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Dec 01, 2021 03:41 PM
TECH

Thai Crypto Unicorn Plots Expansion in Bid to Be Asia’s Coinbase

Jirayut Srupsrisop, chief executive officer of Bitkub Capital Group Holdings Co. Photo: Bloomberg
Jirayut Srupsrisop, chief executive officer of Bitkub Capital Group Holdings Co. Photo: Bloomberg

(Bloomberg) — A Thai crypto exchange that notched up a valuation of more than $1 billion in less than four years is planning to offer a range of digital currencies and services in more countries “to become the Coinbase of Southeast Asia,” according to its chief executive officer.

Bangkok-based Bitkub Online Co. is exploring opportunities to set up its own units or partner with existing players in countries such as Malaysia, the Philippines and Laos next year, Jirayut Srupsrisopa said. The technology and products will likely remain the same as offered by Bitkub, he said.

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