Kasikorn Bank has acquired a 97% stake in Thailand-based cryptocurrency exchange Satang. The bank’s deal is reportedly worth 3.705 billion Thai baht ($102.8 million). Satang will rebrand to Orbix. Kasikorn Bank, Thailand’s second largest bank, has reportedly acquired a 97% stake in Satang crypto exchange. The deal was completed via Kasikorn Bank’s subsidiary Unita Capital […]
The post Thailand’s Kasikorn Bank acquires majority stake in Satang crypto exchange appeared first on CoinJournal.
Originally appeared here:
Thailand’s Kasikorn Bank acquires majority stake in Satang crypto exchange