Expanding Thailand’s Cryptocurrency Frontier

adminApril 2, 2024

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Bitkub Capital Group Holdings, owner of Thailand’s leading cryptocurrency exchange, is making great progress toward its listing goal. The company has announced its intention to list on the Stock Exchange of Thailand (SET) by 2025. To prepare for this milestone, Bitkub plans to double its workforce by adding 1,000 new employees to its current 2,000, as well as hiring financial advisors. Strong team.

Bitkub’s Big Plans: Preparing for Public Debut and Growth in the Thai Cryptocurrency World

The move to expand the team follows a period of downsizing in 2022 and 2023, during which the company reduced its headcount by 6%. This expansion highlights Bitkub’s commitment to strengthening operations ahead of its highly anticipated initial public offering (IPO). This initial public offering (IPO) is expected to be a meaningful event for the company in that it aims to raise new capital and strengthen its market position.

Bitkub’s dominance in the Thai cryptocurrency market is noteworthy. As of December 2023, the exchange holds a 77% market share with an average daily trading volume of approximately $30 million. This dominance is being challenged by other players such as Upbit, Bitazza and Zipmex, with Zipmex set to face regulatory hurdles in November 2023.

Thailand’s cryptocurrency landscape is vibrant. As of 2023, there will be over 13 million users, representing approximately 18% of the population. This number is expected to increase to 17.7 million by 2028. As adoption increases, global and local companies have drawn attention to the Thai market. In particular, Binance launched a local subsidiary in January 2024, and Kasikornbank acquired a majority stake in the Satan cryptocurrency exchange in October 2023.

Bitkub’s journey toward its planned IPO has been eventful. In July 2023, the company sold a 9.2% stake in its Bitkub Online division to Asphere Innovations for 600 million baht ($16.5 million). The sale is part of a broader strategy to boost the valuation of Bitkub Online, which accounts for about 80% of Bitkub Capital’s revenue. The company’s CEO Jirayut Srupsrisopa is optimistic about the platform’s growth, predicting trading volumes will reach levels last seen during the 2021 cryptocurrency bull market.

But the path was not without obstacles. In 2022, leading financial firm SCB Despite these challenges, Bitkub remained focused on its goal of becoming a publicly traded company, marking an important milestone for the Thai cryptocurrency industry.

Slotthana: Solana’s Latest Meme Coin Craze

The Solana blockchain is abuzz with the emergence of new meme coins thanks to its low transaction fees and fast speeds. This led to a series of pre-sales, each of which attracted notable attention. From the early success of BOME to the recent popularity of Slerf, these meme coins are making waves in the cryptocurrency community.

❤️🦥 Wow! Sloth’s jaw is dropping at the overflow of SOL from our supporters! 😱 There are so many lazy legends out there! Let’s take Slotana to the moon! 🚀 Remember. You can only send from an on-chain wallet. Sloth cannot be airdropped on exchanges!💸🙅‍♂️ #slodana #memecoin #lazylegend
— Slothana (@SlothanaCoin) March 28, 2024

Meet Slotthana, the newest entrant to the Solana meme coin scene. Inspired by Slerf’s use of sloth imagery, Slotthana aims to capture the attention of investors looking for a fresh and attractive option. The coin is designed with a unique image and limited functionality targeting “degen” investors who prioritize short-term profits over long-term prospects.

Slotthana’s simple approach has already attracted more than $500,000 in investment. To obtain Slotthana tokens, investors just need to visit the official website, send SOL to the specified address and wait for an airdrop of 10,000 SLOTH tokens for every 1 SOL sent, which will occur after the pre-sale ends.

Visit to Slotana