In 50 Words: Kasikornbank acquires 97% stake in Satang’s parent firm for $103m

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In 50 Words: Kasikornbank acquires 97% stake in Satang’s parent firm for $103m

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Thailand’s Kasikornbank has purchased a 97% stake in the parent company of crypto exchange Satang through a US$102.8 million deal.

After the deal’s completion, Satang will be renamed to Orbix. This acquisition aligns with Kasikornbank’s goal of capturing 20% of Thailand’s crypto market share by 2024.

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