Bitkub Targets $200M Hong Kong IPO as Thailand Market Slumps and Crypto Demand Surges

• Bitkub pursues Hong Kong IPO as Thailand market weakens significantly.
• Hong Kong’s crypto strength encourages Bitkub to shift expansion plans.
• Regulatory advances in Hong Kong attract Bitkub’s interest for listing.

Bitkub’s consideration of a Hong Kong listing is gaining momentum as the exchange looks for stronger growth outside its home market. Its move reflects shifting regional conditions that continue to shape how digital asset firms compete for global relevance.

Bitkub is exploring an IPO in Hong Kong that could raise about $200 million, according to Bloomberg. Sources indicated that the listing could take place next year, although the plan may still evolve. This step follows the company’s decision to place its Thailand listing plans on hold due to a challenging market environment.

Besides the uncertainty at home, the Thai SET Index has fallen 24.9% this year based on Google Finance data. Hence the exchange is turning to a market with stronger crypto participation and a more supportive investment climate.

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Hong Kong’s rising crypto strength draws Bitkub’s interest

Moreover Hong Kong has continued to attract global digital asset companies with its structured regulatory ecosystem. The region introduced spot crypto ETFs soon after the United States and launched spot Solana ETFs ahead of American issuers. Additionally it established licensing rules and sandbox programs for stablecoins and tokenized deposits, positioning itself as a competitive hub for crypto innovation.

Bitkub CEO Jirayut Srupsrisopa previously informed shareholders that the company seeks to increase its global presence. He emphasized that Bitkub intends to reach markets beyond Thailand with its expanding suite of solutions. Consequently the potential Hong Kong IPO aligns with this vision and strengthens the company’s regional ambitions.

Another factor supporting this strategic shift is Hong Kong’s decision to allow local crypto platforms to share global order books with overseas exchanges. This change enhances liquidity access for market participants and offers companies broader market connectivity.

Stronger regional momentum fuels Bitkub’s shift

Bitkub’s interest in a Hong Kong IPO highlights its effort to capture opportunities as crypto demand grows across Asia. It also shows how leading exchanges continue to adjust their strategies in response to evolving financial conditions in the region.

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