Now #bitget announces the acquisition of GMO-Z in Thailand, an exchange and brokerage licensed by the SEC in Bangkok.
Through BTGT Management, it will buy all the shares from GMO Internet. Target closing date: October 31, 2026, subject to regulatory approval.
With this, it seems they’re looking to enter the Thai market locally and operate under local rules. This comes just a month after their $388M hack. Buying a license is undoubtedly faster than applying for one from scratch, so this could turn out to be a very smart move.
Through BTGT Management, it will buy all the shares from GMO Internet. Target closing date: October 31, 2026, subject to regulatory approval.
With this, it seems they’re looking to enter the Thai market locally and operate under local rules. This comes just a month after their $388M hack. Buying a license is undoubtedly faster than applying for one from scratch, so this could turn out to be a very smart move.