Bitget Plans Thailand Expansion With GMO-Z.com Cryptonomics…
By Abdelaziz Fathi
AI summary of the source article
Bitget announced plans to acquire licensed Thai exchange operator GMO-Z.com Cryptonomics via BTGT Management. Scheduled for completion on October 31 subject to regulatory approval, the proposed transaction would establish a regulated presence in Thailand for Bitget.
Why it matters
The text notes that "The acquisition offers Bitget a potential route into Thailand without establishing a new licensed exchange from scratch."
Key facts
- Bitget plans to acquire a 99.94% stake in GMO-Z.com Cryptonomics through BTGT Management.
- Target company GMO-Z.com Cryptonomics operates Z.com EX and recorded an 87.6 million baht net loss in 2025.
- The acquisition plan comes less than a month after Bitget confirmed a $388 million security breach.
Source excerpt · FinanceFeeds
Cryptocurrency exchange Bitget announced plans on October 20 to acquire GMO-Z.com Cryptonomics (Thailand), the operator of licensed trading platform Z.com EX, in a proposed transaction that would establish a regulated presence in Thailand less than a month after Bitget suffered a $388 million security breach. The acquisition would be conducted through BTGT Management (Thailand), an investment comp…