Siam Commercial Bank completed the acquisition of a majority stake in Bitkub for $537m.

Siam Commercial Bank, a provider of a full range of banking and financial services, completed the acquisition of a majority stake in Bitkub, a new generation digital asset and cryptocurrency exchange platform, for $537m. "We needed to elevate Bitkub to the global level, so we turned to a strong partner like SCB to help us achieve our target faster and more sustainably," Jirayut Srupsrisopa, Bitkub Founder and CEO.