Bitget proposes acquisition of licensed Thai exchange

Bitget has announced a proposed acquisition of Thai digital-asset exchange operator GMOZ.com Cryptonomics, a move that could give the cryptocurrency company a locally licensed route into Thailand. The transaction would be carried out through BTGT Management Thailand, in which Bitget says it holds an interest, and remains subject to regulatory approval and other conditions. The proposed sale was disclosed in a September 24 filing by GMO Internet, which set October 31, 2026, as the target completion date. The filing describes a planned transfer of the sellers’ shareholding to BTGT Management Thailand or an entity it designates. The acquisition has not been completed, and the target date does not establish that approval has been granted or the sale has closed. GMOZ.com Cryptonomics operates Z.com EX, which launched in February 2021. Thailand’s Securities and Exchange Commission lists the company among licensed digital-asset operators. Bitget says it intends, after completion and the required change-of-control approval, to establish local operations and introduce its trading platform to Thai users. No launch date has been announced. Bitget CEO Gracy Chen said the acquisition would...