Bitget Reveals It Is Behind the Buyer of GMO Internet’s Licensed Thai Crypto Exchange
By Unchained
AI summary of the source article
Bitget announced plans to acquire licensed Thai exchange GMO-Z.com Cryptonomics through its interest in BTGT Management. The deal will allow Bitget to offer its trading platform to users in Thailand, subject to regulatory approval.
Why it matters
Bitget CEO Gracy Chen stated that Thailand is “an important part of Southeast Asia’s digital asset landscape” and noted that “building a presence in a market requires local expertise, an understanding of the regulatory environment and a long-term commitment to the market.”
Key facts
- Bitget plans to acquire all 7,349,446 shares of GMO-Z.com Cryptonomics through newly established BTGT Management (Thailand) Ltd.
- GMO Internet's board approved the sale on Sept. 24, with the share transfer expected to take effect on Oct. 31 pending Thai regulatory approval.
- The target exchange posted a net loss of approximately 87.6 million baht in 2025 on net sales of around 11 million baht.
Source excerpt · Unchained
A Sept. 24 filing named only a newly formed Bangkok company as the buyer, and the deal still needs Thai regulatory approval, with no price disclosed. The post Bitget Reveals It Is Behind the Buyer of GMO Internet’s Licensed Thai Crypto Exchange appeared first on Unchained .