Bitkub
Bitkub is a Thailand-based cryptocurrency exchange, operated by Bitkub Online Co., Ltd. () under its parent group Bitkub Capital Group Holdings (Bitkub Capital Co., Ltd.). It was founded in 2018 by Jirayut Srupsrisopa, and was among the first exchanges to receive a digital asset license from the country's Securities and Exchange Commission, in 2019. It claims to be the largest cryptocurrency exchange in the country, with a share of 90% of crypto transactions based on 2021 data from regulated exchanges. In November 2021, SCB announced that it would acquire a 51-percent stake in the company for 17.85 billion baht (US$537 million), valuing the company at over $1 billion and making it one of Thailand's first unicorn start-up companies. However, on 25th August 2022, the deal was cancelled. The SCB stated that the reason for cancellation was due to Bitkub's ongoing lawsuit with Thailand's Securities and Exchange Commission for the alleged involvement in wash and inside trading. History Jirayut Srupsrisopa, the main co-founder of Bitkub and CEO of Bitkub Capital, was one of Thailand's first tech entrepreneurs to enter the cryptocurrency business. He had previously co-founded the Bitcoin wallet operator Coins.co.th (a partner of Philippines-based Coins.ph, which was acquired by Go-Jek