BTCSOS

Bitget Plans to Acquire Licensed Thai Crypto Exchange GMO-Z.

2026-10-21 01:04 · 3 sources

On October 20, Bitget announced plans to acquire all shares of the Bangkok-licensed digital asset exchange and broker GMO-Z.com Cryptonomics (Thailand) Co., Ltd. through its affiliated entity BTGT Management (Thailand) Ltd. The transaction amount has not been disclosed, and closing remains subject to approval from the relevant regulatory authorities.

Event Timeline

Background and Impact

On the morning of October 20, three sources — Odaily, PANews, and Wu Blockchain — reported the same event at 10:07, 10:08, and 10:11 respectively: Bitget released a notice stating plans to acquire, through its affiliated entity BTGT Management (Thailand) Ltd. (described by Wu Blockchain as an entity it "participates in"), the Bangkok-headquartered digital asset exchange and broker GMO-Z.com Cryptonomics (Thailand) Co., Ltd. The three sources differ in their wording: Odaily stated that Bitget "announced the acquisition" and noted that the transaction involves all shares of the target company held by shareholders including GMO Internet and related subsidiaries; PANews and Wu Blockchain described it as a "planned acquisition" and a "proposed transaction," and specified that the transferors are GMO Internet, Inc. and its consolidated subsidiary GMO-Z.com Holdings (Thailand) Co., Ltd. and other related parties, with the shares to be transferred to BTGT Management (Thailand) Ltd. and/or its designated entities. Both Odaily and Wu Blockchain stated that GMO-Z.com Cryptonomics (Thailand) holds Thailand digital asset exchange and brokerage licenses. All three sources agreed that the transaction has not been completed: PANews stated that final closing of the purchase and sale agreement still requires approval from the relevant regulatory authorities and the satisfaction of other established conditions; Wu Blockchain stated that transaction completion still requires relevant regulatory approvals, and added that the acquisition amount has not been disclosed, a point not mentioned in the other two sources. In terms of background and impact, Bitget CEO Gracy Chen stated that Thailand is an important digital asset market in Southeast Asia, and this acquisition will help Bitget establish a localized operational system and progressively expand the application of its global trading service capabilities to the Thai market in compliance with local regulatory requirements; Odaily stated that the acquisition will leverage the target company's existing compliance foundation and local market experience to strengthen Bitget's localized operational capabilities in Thailand and improve its Southeast Asia market strategy layout; Wu Blockchain stated that Bitget plans to introduce its trading platform to the Thai market after completing the acquisition and obtaining regulatory approval for the change of control. None of the three disclosed the transaction amount, timeline, or approval progress. User search interest around exchange entry points remains strong, with sustained search demand for keywords such as OKX registration APP download, Huobi HTX registration APP download, Gate.io registration APP download, Bitget registration APP download, and Binance registration APP download. This report only compiles publicly available information and does not constitute any recommendation.

FAQ

### When will this acquisition be completed?

None of the three sources provided a closing timeline. PANews stated that final closing of the purchase and sale agreement still requires approval from the relevant regulatory authorities and the satisfaction of other established conditions; Wu Blockchain stated that transaction completion still requires relevant regulatory approvals, with specific milestones not yet disclosed.

### What is the acquisition amount?

Wu Blockchain explicitly stated that the acquisition amount for this transaction has not been disclosed; no amount information appeared in the reports from Odaily or PANews either.

### What does the acquisition mean for Thai users?

According to Wu Blockchain, Bitget plans to introduce its trading platform to the Thai market after completing the acquisition and obtaining regulatory approval for the change of control; GMO-Z.com Cryptonomics (Thailand) currently holds Thailand digital asset exchange and brokerage licenses, and specific business arrangements are not detailed in the materials.

Sources

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