Thai lender SCB buys 51% stake in digital asset exchange Bitkub for $537m

Thai lender SCB buys 51% stake in digital asset exchange Bitkub for $537m

REUTERS/Athit Perawongmetha

Thailand’s oldest lender, Siam Commercial Bank Pcl (SCBX) on Tuesday said it acquired a 51% stake in local digital asset exchange Bitkub for 17.85 billion baht ($537.17 million)