K-Bank of Thailand Invests $103 Million in Orbix
In recent news, Thailand’s K-Bank has made a significant move by acquiring a majority stake in the parent company of the Satang cryptocurrency firm.
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Thailand’s Kasikorn Bank, often referred to as K-Bank, has made a major move in the digital asset space. They’ve successfully acquired 97% of the shares of Satang Corporation Co. Ltd’s parent company, which operates a digital asset exchange. This acquisition is valued at a substantial 3.705 billion Thai baht, equivalent to $102.8 million, and became effective on October 27. Read More...