Bitget Agrees to Acquire Licensed Operator GMO-Z to Enter Thai Crypto Market

TL;DR Bitget announced an agreement to acquire GMO-Z.com Cryptonomics through BTGT Management, a company in which it holds a stake. The deal would allow the exchange to enter Thailand’s crypto market through an operator that already holds a local regulatory license. The acquisition was announced weeks after a cyberattack affected approximately $388 million in funds managed by Bitget. Bitget announced an agreement to acquire GMO-Z.com Cryptonomics , a company that operates a licensed cryptocurrency exchange in Thailand . The transaction will be carried out through BTGT Management (Thailand), a company in which Bitget holds a stake. The acquisition would allow the exchange to offer its services to Thai users through an entity that already holds a local license.

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