Bitget announced that it plans to acquire Thailand-based cryptocurrency exchange GMO-Z.com Cryptonomics. The acquisition is intended to strengthen its base in Thailand and expand into Southeast Asia, but regulatory approval has not been obtained, so a final decision is expected to take time.
Bitget announced on the 20th that it plans to acquire GMO-Z.com Cryptonomics. The target is a Thai digital asset company, and the acquisition is intended to strengthen Bitget’s business platform in the Thai market.
The acquisition is said to be aimed at strengthening the business in Thailand and expanding into Southeast Asia. However, regulatory approval is required for the acquisition to close, and no final decision has been reached at this stage.
GMO-Z.com Cryptonomics is a subsidiary of GMO and has been identified as the acquisition target. The article does not mention the formal completion date or terms of the acquisition.