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Thai Crypto Unicorn Plots Expansion in Bid to Be Asia’s Coinbase

  • Crypto bourse Bitkub plans to enter Philippines, Malaysia
  • Digital currency wallets set for ‘exponential growth:’ CEO
Jirayut Srupsrisopa
Jirayut SrupsrisopaPhotographer: Andre Malerba/Bloomberg
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A Thai crypto exchange that notched up a valuation of more than $1 billion in less than four years is planning to offer a range of digital currencies and services in more countries “to become the Coinbase of Southeast Asia,” according to its chief executive officer.   

Bangkok-based Bitkub Online Co. is exploring opportunities to set up its own units or partner with existing players in countries such as Malaysia, the Philippines and Laos next year, Jirayut Srupsrisopa said. The technology and products will likely remain the same as offered by Bitkub, he said.