Bitkub
Bitkub Online Co., Ltd., a subsidiary of Bitkub Capital Group Holdings (Bitkub Capital Co., Ltd.), operates the Bitkub cryptocurrency exchange in Thailand. Founded by Jirayut Srupsrisopa in 2018, it was one of the first exchanges in Thailand to be granted permission to trade digital assets by the Securities and Exchange Commission in 2019.
If statistics from regulated exchanges in 2021 is to be believed, it will have a 90% market share of all bitcoin transactions in the country. One of the first unicorn start-ups in Thailand, SCB announced in November 2021 that it would acquire a 51% stake in the company for 17.85 billion baht (US$537 million).
However, on August 25, 2022, the agreement was scrapped. The SCB noted that the cancellation was necessary because BitKub is now engaged in litigation with the Securities and Exchange Commission of Thailand over allegations of wash trading and insider trading.
Founded: 2 February 2018
Headquarters: Bangkok, Thailand
Website: https://www.bitkub.com/