🇻🇳 VPBankS adds nearly 1,100 billion to the crypto exchange CAEX, OKX gets involved
The Vietnamese cryptocurrency market is heating up noticeably as VPBankS has just decided to spend an additional 1,097.2 billion VND to purchase 109.72 million shares of CAEX, the thriving Vietnamese cryptocurrency exchange.
The context is that CAEX is offering 997.5 million shares to increase its charter capital to 10,000 billion VND, equivalent to about 380 million USD. This is the minimum required capital to participate in the pilot cryptocurrency market in Vietnam. VPBankS currently holds 11%, so they are buying the exact proportion to maintain ownership.
The point I find most interesting is that on April 14, VPBank signed a strategic partnership with OKX, one of the top global crypto exchanges. OKX will advise on strategy, share operational experience, provide technological solutions, and connect liquidity for CAEX.
Even more notably, OKX Ventures will also invest directly in CAEX this April.
📊 Personal assessment:
→ CAEX was newly established in September 2025, with initial capital of only 25 billion, now skyrocketing to 10,000 billion in just a few months
→ Current shareholder structure: VPBankS 11%, LynkID 50%, Future Land 39%, a strong consortium in finance and technology
→ OKX's involvement shows that Vietnam is becoming a strategic land that major crypto exchanges do not want to miss
If the legal framework is implemented smoothly, this could be a turning point for the crypto infrastructure in Vietnam. How do you think CAEX will reshape the domestic market?
$BTC $ETH #Crypto
The Vietnamese cryptocurrency market is heating up noticeably as VPBankS has just decided to spend an additional 1,097.2 billion VND to purchase 109.72 million shares of CAEX, the thriving Vietnamese cryptocurrency exchange.
The context is that CAEX is offering 997.5 million shares to increase its charter capital to 10,000 billion VND, equivalent to about 380 million USD. This is the minimum required capital to participate in the pilot cryptocurrency market in Vietnam. VPBankS currently holds 11%, so they are buying the exact proportion to maintain ownership.
The point I find most interesting is that on April 14, VPBank signed a strategic partnership with OKX, one of the top global crypto exchanges. OKX will advise on strategy, share operational experience, provide technological solutions, and connect liquidity for CAEX.
Even more notably, OKX Ventures will also invest directly in CAEX this April.
📊 Personal assessment:
→ CAEX was newly established in September 2025, with initial capital of only 25 billion, now skyrocketing to 10,000 billion in just a few months
→ Current shareholder structure: VPBankS 11%, LynkID 50%, Future Land 39%, a strong consortium in finance and technology
→ OKX's involvement shows that Vietnam is becoming a strategic land that major crypto exchanges do not want to miss
If the legal framework is implemented smoothly, this could be a turning point for the crypto infrastructure in Vietnam. How do you think CAEX will reshape the domestic market?
$BTC $ETH #Crypto