Bitget to Acquire Thai Crypto Exchange GMO-Z.com Cryptonomics
What happened
Bitget announced its planned acquisition of the licensed Thai digital asset exchange GMO-Z.com Cryptonomics on October 20, 2026.
The Context
- Regulatory compliance: Thailand's strict SEC licensing requirements necessitate local partnerships for foreign crypto platforms.
- Market exit: GMO Internet is exiting Thailand's digital asset business, paving the way for Bitget's entry.
- Operational synergy: The acquisition allows Bitget to leverage existing operations and local expertise in a growing market.
The Number
— the operating loss recorded by GMO-Z.com Cryptonomics in 2025, highlighting the challenges in the Thai digital asset sector.
Takeaway
Post-acquisition, Bitget aims to introduce its trading platform to Thai users, aligning with local regulations and enhancing its market presence.
English-language digital publication covering business, politics, technology, and current affairs.
"The Arabian Post mixes original and syndicated-style coverage with a broad regional and global business-news orientation."
— A47 Editor
Bitget targets Thai market through licensed exchange purchase
Cryptocurrency trading platform Bitget has announced its intention to acquire a licensed digital asset exchange in Thailand, specifically targeting Bangkok-based GMO-Z.com Cryptonomics (Thailand) Co., Ltd. This acquisition is aimed at establishing a ...
Real-time updates, analysis, and reports on the blockchain and cryptocurrency sectors.
"Crypto News delivers real-time updates, analysis, and reports on the blockchain and cryptocurrency sectors."
— A47 Editor
Bitget eyes Thai crypto exchange takeover weeks after $388M hack
Bitget has announced plans to acquire a licensed Thai cryptocurrency exchange through BTGT Management, targeting completion by October 31. This move follows a significant security breach that resulted in unauthorized transfers totaling approximately ...
Covers blockchain, cryptocurrency news, project analysis, and market insights.
"Cointelegraph is a leading crypto-focused media outlet known for timely news, analysis, and educational content related to blockchain and digital assets."
— A47 Editor
Bitget plans Thai crypto exchange acquisition weeks after $388M hack
Bitget has announced plans to acquire a Thai cryptocurrency exchange, aiming to establish a foothold in Thailand's crypto market through a locally licensed operator. This move comes just weeks after the company experienced a significant security brea...