Bitget Plans Thai Crypto Exchange Acquisition
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Bitget is planning to acquire a locally licensed crypto exchange as a route into Thailand’s market, according to Cointelegraph.
Bitget plans to buy a cryptocurrency exchange in Thailand, according to Cointelegraph. The proposed deal would involve an operator licensed in the country.
The acquisition would offer Bitget a way to enter the Thai crypto market through an existing local business. The supplied report does not identify the target exchange or disclose financial terms.
Cointelegraph’s headline places the plan weeks after a $388 million hack. The provided details do not identify the affected platform or establish a connection between the hack and the proposed acquisition.
Source: Cointelegraph
