🌋 KBank Acquires a Crypto Exchange

posted  30 Oct 2023
Photo - KBank Acquires a Crypto Exchange
Thailand's second-largest bank, Kasikorn, commonly known as KBank, has acquired a 97% stake in the parent company of the Satang crypto exchange, with the deal valued at $102.8 million.

KBank aims to rebrand Satang to Orbix and introduce three new subsidiaries focused on digital asset custody, fund management, and blockchain infrastructure provision.