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flag Bitkub, Thailand’s top crypto exchange, is pursuing a Hong Kong IPO to raise $200 million amid a weak local market.

flag Thailand’s largest crypto exchange, Bitkub, is exploring a Hong Kong IPO to raise $200 million, shifting from earlier plans for a domestic listing amid Thailand’s struggling stock market. flag The move reflects Hong Kong’s growing appeal as a digital asset hub, with a surge in tech and fintech IPOs. flag Bitkub, founded in 2018, reported $60 million–$66 million in daily trading volume in late 2025 and has not confirmed the plans.

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