Better

Wall Street Memes

Firo

Partner

<div class="insidebitcoins">
 Kasikornbank, the second largest bank in Thailand in terms of assets, has announced its acquisition of the local crypto exchange platform Satang.&nbsp;
 The banking giant revealed in a letter filed with the Stock Exchange of Thailand today that it has acquired 97% of Satang Corporation Co. Ltd, which is the corporate entity of the Satang exchange platform, on Oct. 27. 
 The acquisition is valued at 3.705 billion Thai baht ($103 million) and was executed via a new Kasikornbank subsidiary called Unita Capital, according to the filing.&nbsp;
 <img decoding="async" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%200%200'%3E%3C/svg%3E" alt="Thailand's KBank subsidiary launches NFT marketplace - Ledger Insights - blockchain for enterprise" data-lazy-src="https://cdn.thebittimes.com/images/2023/10/30/03b3b0f00ac952f4db8e944582c9cd08.webp">
 <noscript><img decoding="async" src="https://cdn.thebittimes.com/images/2023/10/30/03b3b0f00ac952f4db8e944582c9cd08.webp" alt="Thailand's KBank subsidiary launches NFT marketplace - Ledger Insights - blockchain for enterprise">
 </noscript>
 <h3 id="span-style-font-weight-400-crypto-exchange-satang-to-be-renamed-span">Crypto Exchange Satang To Be Renamed</h3>
 Following the acquisition, the Thai bank has shared its plans to rename Satang to Orbix Trade Co. Ltd. 
 The filing also revealed that the new company will have three additional subsidiaries. These subsidiaries will be Orbix Custodian, Orbix Invest and Orbix Technology.
 <h3 id="span-style-font-weight-400-kasikornbank-s-investment-drive-span">Kasikornbank ‘s Investment Drive</h3>
 The announcement comes shortly after Kasikornbank launched a $100 million fund in September that is aimed at investing in companies within the Web3, fintech and AI sectors.
 The fund was established by Kasikornbank’s technology arm, Kasikorn Business Technology Group.
 <h2 id="span-style-font-weight-400-satang-operates-crypto-exchange-other-digital-services-span">Satang Operates Crypto Exchange, Other Digital Services</h2>
 Satang Corporation is a major business in Thailand that operates a cryptocurrency exchange platform and a variety of other digital asset services. 
 The founder of Satang, Poramin Insom, is known for launching the privacy-focused cryptocurrency Firo (FIRO), formerly known as Zcoin.
 Insom confirmed the acquisition by Kasikornbank in a post on Facebook today. In his post, Insom stated that Satang has already exited the trading board. 
 He said that Satang’s other companies, Satang Technology and Satang Space, are not impacted by the acquisition.
 <h3 id="span-style-font-weight-400-related-articles-span">Related Articles:</h3>
 <ul>
 <li style="font-weight: 400">Digital Artists Jack Butcher And Snowfro Partner To Launch A New NFT Collection</li>
 <li style="font-weight: 400">KuCoin Introduces $WSM Perpetual Futures – Trade Wall Street Memes at Up to 20x Leverage</li>
 <li style="font-weight: 400">Binance Alternatives – 9 Better Platforms</li>
 </ul>
 Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/thai-banking-giant-kasikornbank-acquires-a-97-stake-in-local-crypto-exchange-satang-tbt68322.html">https://thebittimes.com/thai-banking-giant-kasikornbank-acquires-a-97-stake-in-local-crypto-exchange-satang-tbt68322.html</a>
</div>

Thai Banking Giant Kasikornbank Acquires a 97% Stake In Local Crypto Exchange Satang

목차

TheBitTimes

2023년 10월 30일에 게재된 다른 기사

Uphold Bets Big on XRP: $1.28B Investment Signals Bullish Outlook

Shiba Inu Price Seismic Bullish Shift Eyes Sharp Climb Past $0.00001 – Key Levels To Watch

Is Chainlink’s 50% Surge Just the Beginning? Newcomer Token Rockets with a 500% Uptick!

The Newest Social Casinos Online: Claim Free SC

Chainlink Outperforms The Market, As Bitcoin Spark ICO Buyers Will

Stars Arena CEO quits after $3M cyber heist

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!