🌋 KBank Acquires a Crypto Exchange
posted 30 Oct 2023
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.
KBank aims to rebrand Satang to Orbix and introduce three new subsidiaries focused on digital asset custody, fund management, and blockchain infrastructure provision.
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