Bitget agrees to acquire licensed Thai crypto exchange

The exchange will take over GMO Internet Group's licensed Thai unit through BTGT Management, pending regulatory approval. Bitget has struck a deal to acquire GMO-Z.com Cryptonomics, a licensed Bangkok-based digital asset exchange and brokerage, in a move that would give the company a regulated entry point into Thailand, the company said Tuesday. In a statement, Bitget CEO Gracy Chen called the acquisition an important step in the company’s regulatory progress across Southeast Asia. She said Thailand offers a dynamic market and that the deal gives Bitget a licensed local foundation to build its presence.