SCBx Group’s acquisition of Bitkub looks likely to cause pain for small cryptocurrency operators as it may significantly boost the exchange’s market share, which currently stands at 90%, thanks to the bank’s large capital reserves and customer base.
Analysts expect SCBx to enjoy 1 billion baht in Bitkub profits during next year alone.
After the acquisition was announced, SCBx’s shares closed on Wednesday at 131.5 baht, up 1.15% on the Stock Exchange of Thailand, while…
