Thailand's largest crypto exchange, Bitkub Capital Group Holdings, plans to go public in 2025, according to its CEO, Jirayut Srupsrisopa.
The IPO is expected to boost the company's profile and raise capital, and Bitkub is hiring financial advisors.
Jirayut, also known as Topp, believes Bitkub Online's valuation will continue to rise due to its high trading volumes, which have already surpassed previous highs during the 2021 bull market.
The platform is currently worth an estimated 6 billion baht ($165 million). In February, Bitkub announced plans to list in Hong Kong to expand its presence worldwide.
Despite this global ambition, the exchange is currently focused on the Thai market.