Thai Crypto Exchange Bitkub Is Said to Consider IPO in Hong Kong

Thai cryptocurrency exchange Bitkub is considering an initial public offering in Hong Kong, people familiar with the matter said, potentially boosting the city’s status as a digital-assets hub.

Founded in 2018, Bitkub has previously considered an IPO in Thailand, but the country’s stock market has been among the world’s worst-performing in 2025, with listings generating a weighted average decline of more than 12%. The SET Index has fallen about 10% this year.