The move continues a trend of Thailand's major traditional financial institutions moving into crypto.
Thailand’s Kasikorn Bank, also known as K-Bank, said it has acquired 97% shares in the parent company of Satang crypto exchange, which has operated in the country since 2017.
Once the deal closes, Satang will be re-branded to Orbix. The new company will also have three additional subsidiaries: Orbix Custodian, Orbix Invest , and Orbix Technology, a blockchain technology developer.“K-Bank is intensifying its efforts in the cryptocurrency sector, positioning itself alongside SCB.
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