KBank Acquires a Crypto Exchange
Thailand’s second-largest bank, Kasikorn, commonly known as KBank, has acquired a 97% stake in the parent company of the Satang crypto exchange, with the deal valued at $102.8 million.
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Thailand's second-largest bank, Kasikorn, commonly known as KBank, has acquired a 97% stake in the parent company of the Satang crypto exchange, with the deal valued at $102.8 million.
KBank aims to rebrand Satang to Orbix and introduce three new subsidiaries focused on digital asset custody, fund management, and blockchain infrastructure provision.
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