K-Bank Acquires 97% Shares of Satang Crypto Exchange for $102.8 Million!

Writer: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since a few years. He has earlier buying and selling expertise and has been working within the Fintech business since 2017.

Oct 30, 2023 11:18

Thailand’s Okay-Financial institution has acquired 97% of the shares within the Satang crypto change, valued at 3.705 billion Thai baht ($102.8 million). Satang shall be rebranded to Orbix, and the brand new firm may have three further subsidiaries: Orbix Custodian, Orbix Make investments, and Orbix Expertise, all devoted to digital belongings and blockchain expertise. Okay-Financial institution is ramping up its crypto sport and pursuing licenses for crypto providers in Thailand. Its rival, Siam Business Financial institution, can also be making strikes into the crypto area. The acquisition means extra crypto providers shall be accessible in Thailand.