Bitkub Capital Group Holdings, the driving force behind Thailand's top cryptocurrency exchange, has announced plans for an initial public offering (IPO) in 2025. As reported by Bloomberg, this strategic move, led by Bitkub's CEO Jirayut Srupsrisopa, aims to increase the company's visibility and enhance its ability to raise capital.

Jirayut Srupsrisopa highlighted the transformative potential of the IPO in strengthening Bitkub's market presence and providing access to additional funding sources. Through becoming a publicly traded entity, Bitkub plans to improve its visibility both locally and globally, building trust among investors and supporting further growth strategies.

In preparation for the IPO, Bitkub is recruiting experienced financial advisors to guide the listing process and ensure successful outcomes. This partnership reflects Bitkub's dedication to careful planning and compliance with regulatory requirements, setting the stage for a smooth transition to the public markets.

While discussing the future workforce expansion, Jirayut mentioned Bitkub's plan to hire 1,000 employees in 2025, marking a significant increase from its current staff. However, this IPO announcement from Bitkub coincides with a critical time for the cryptocurrency industry, given growing interest from institutional investors and regulatory advancements globally.

Bitkub Innovates Regulated Crypto Services

Despite facing challenges with regulatory authorities, Bitkub stands out as one of the few crypto service providers permitted to operate in Thailand. The exchange's CEO views Bitkub as a vital component of Thailand's future economy, signifying its importance in the nation's financial landscape.

As blockchain technology reshapes conventional financial practices, Bitkub is well-positioned to leverage changing market trends and lead innovation in digital asset trading.

Bithumb Gears Up for Potential IPO in 2025

In addition to Bitkub, South Korea's prominent cryptocurrency exchange, Bithumb, has expressed interest in pursuing a public listing on South Korea's stock market KOSDAQ. Although no formal IPO plans have been announced, Bithumb has selected underwriter Samsung Securities to potentially support its public offering.

Typically, an underwriter plays a crucial role in ensuring the financial stability of a company before going public. With Samsung Securities onboard, Bithumb is preparing for a potential IPO in 2025.