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Siam Commercial, Thailand’s largest bank in which its king is the largest shareholder, acquires 51% of crypto exchange Bitkub for $535M, at a $1B+ valuation (Anuchit Nguyen/Bloomberg)

Anuchit Nguyen / Bloomberg:
Siam Commercial, Thailand’s largest bank in which its king is the largest shareholder, acquires 51% of crypto exchange Bitkub for $535M, at a $1B+ valuation  —  – Siam Commercial Bank buys majority stake in Bitkub Online  — Bitkub coin surges 200% to record $2.85 following Siam deal