Thailand’s leading digital assets exchange, Bitkub, is reportedly considering an Initial Public Offering (IPO) in Hong Kong.
Sources familiar with the matter told Bloomberg that the exchange aims to raise approximately $200 million and may launch the IPO as early as next year, though discussions are ongoing and details could change.
Key Drivers for the Hong Kong Move:
- Deteriorating Thai Market: Bitkub previously explored a domestic IPO in Thailand but was discouraged by the poor performance of the local stock market. Thailand’s stock market is one of the world’s worst performers this year, with its index dropping 10% and new listings averaging a 12% drop in 2025.
- Hong Kong’s Regulatory Environment: Hong Kong is actively trying to become a regional digital asset hub, backed by clear regulatory guidance from the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA).
About Bitkub:
Founded in 2018, Bitkub is Thailand’s largest cryptocurrency exchange. Its reported 24-hour trading volume is $60.75 million (according to Coingecko data).
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