Bitget to Acquire Licensed Thai Crypto Exchange From Japan's GMO Internet Weeks After $388M Hack
Updated — view changes (3)
· body · New information from a source
Bitget agreed to purchase a licensed Thai crypto exchange from GMO Internet, according to a disclosure the Japanese company made to the Tokyo Stock Exchange four weeks ago.The deal price was withheld at Bitget's request.The acquisition gives Bitget entry into Thailand's regulated crypto market through an already-licensed operator.- Bitget plans to acquire a locally licensed crypto exchange in Thailand, according to Cointelegraph, giving the exchange a regulated entry point into the Thai market.
- The seller is Japan's GMO Internet, according to The Defiant, which disclosed the transaction to the Tokyo Stock Exchange four weeks ago.
- The purchase price has not been made public; The Defiant reports it is being withheld at Bitget's request.
- The deal comes weeks after Bitget disclosed a $388 million hack, according to Cointelegraph.
- Neither source details how, if at all, the hack factored into the timing or terms of the Thai acquisition.
· summary · New information from a source
Bitget is acquiring a locally licensed Thai exchange from Japan's GMO Internet, gaining direct market access weeks after suffering a $388M hack.- Bitget is set to buy a licensed Thai crypto exchange from Japan's GMO Internet, weeks after the exchange disclosed a $388 million hack.
· headline · New information from a source
Bitget to acquire licensed Thai crypto exchange from GMO Internet- Bitget to Acquire Licensed Thai Crypto Exchange From Japan's GMO Internet Weeks After $388M Hack
Every change made to this story after publication is recorded here automatically. A factual error gets a correction as well, on the corrections page.
Bitget plans to acquire a locally licensed crypto exchange in Thailand, according to Cointelegraph, giving the exchange a regulated entry point into the Thai market.
The seller is Japan’s GMO Internet, according to The Defiant, which disclosed the transaction to the Tokyo Stock Exchange four weeks ago. The purchase price has not been made public; The Defiant reports it is being withheld at Bitget’s request.
The deal comes weeks after Bitget disclosed a Bitget plans Thai crypto exchange acquisition weeks after $388M hack.
hack, according to Cointelegraph. Neither source details how, if at all, the hack factored into the timing or terms of the Thai acquisition.
Sources: Cointelegraph, The Defiant
This article is for information only and is not financial advice.
What the market did
Each figure is this site’s own reading, with what it was measured against. A blank is a reading nobody took, not a zero. The before-the-headline window prints the rate a RANDOM hour clears the same bar, because a hit rate without its null is not a finding.
Story so far 2 updates
- flashBitget to acquire licensed Thai crypto exchange from GMO Internetfirst reported · 2 sourcescointelegraph.com · thedefiant.io
- storyBitget to Acquire Licensed Thai Crypto Exchange From Japan's GMO Internet Weeks After $388M Hackupdate · 2 sourcescointelegraph.com · thedefiant.io
