**Bitget** is moving to establish a local presence in Thailand by pursuing the acquisition of Bangkok-based licensed cryptocurrency exchange GMO-Z.com Cryptonomics (Thailand) Co., Ltd.

Bitget Pursues Acquisition of Thailand’s GMO-Z.com Cryptonomics

Bitget officially announced its acquisition plan on October 20. The deal will be carried out through **BTGT Management (Thailand) Ltd.**, in which Bitget holds an interest. Under the arrangement, GMO Internet, Inc., its subsidiary GMO-Z.com Holdings (Thailand) Co., Ltd., and other sellers will sell all of their shares to BTGT Management or its designee. Closing of the transaction is subject to regulatory approval and the satisfaction of other conditions precedent.

GMO-Z.com Cryptonomics’ Thai entity operates a cryptocurrency exchange and brokerage licensed by Thai authorities. Once the acquisition is finalized and regulatory approval for the change of control is secured, Bitget plans to fully launch services for users in Thailand in compliance with local regulations.

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Thailand: A key pillar of its Southeast Asia strategy

Bitget CEO Gracy Chen emphasized that entering new markets requires local expertise, an understanding of regulations, and a long-term perspective. “Thailand is a highly important hub in Southeast Asia’s digital asset ecosystem,” she said. “Our first priority is to build a solid operational foundation suited to the local market.” Bitget is considering further expansion across Southeast Asia, using Thailand as a springboard.

In January, Bitget announced plans to establish its European headquarters in Vienna, Austria. In July, it said it had registered as a financial service provider (FSP) in New Zealand, accelerating its efforts to diversify across regulatory jurisdictions. Regarding the United States, CEO Chen reiterated the company’s intention to pursue market entry regardless of whether Congress passes the Clarity Act.

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