Bitkub the top crypto currency exchange in Thailand aims big to expand to more countries in South East Asia, according to chief executive officer as reported by Bloomberg.
The crypto currency exchange after topping valuation of more than $1 billion is less than four years is exploring opportunities expand to Malaysia, the Philippines and Laos next year.
Since the company’s inception in 2008 it has grown its revenue more than 1000% annually, according to Bloomberg’s report. Majority stake of Bitkub was earlier in November was acquired by Siam Commercial Bank Pcl.
“Our strategy is to expand in countries that have no clear winners yet and are under-banked, with high social media usage and the potential to use cryptocurrency for remittances,” Jirayut said to Bloomberg. “The expansion will be achieved either through new ventures or acquisitions. The goal is to become the Coinbase of Southeast Asia.”