Thailand-based digital asset trade Bitcub is contemplating an preliminary public providing (IPO) in Hong Kong, individuals conversant in the matter instructed Bloomberg.
The trade will possible purpose to boost about $200 million in an IPO subsequent yr, the individuals mentioned, including that discussions are ongoing and particulars may nonetheless change.
Bitcub, based in 2018, had beforehand thought of an IPO in Thailand, however a weak home inventory market derailed the transfer. The Thai inventory market has been one of many worst performers globally this yr, with listed shares declining by greater than 12% on common in 2025, and the index itself falling by 10%.
In line with information from Coingecko, Bitkub is Thailand’s largest cryptocurrency trade with a complete 24-hour buying and selling quantity of $60.75 million.
Hong Kong is actively working to determine itself as a regional digital asset hub, supported by a transparent regulatory roadmap from the Securities and Futures Fee (SFC) and the Hong Kong Financial Authority (HKMA).
