Bitget plans to acquire Thai crypto exchange GMO-Z.com
Image: CointelegraphBitget plans to acquire Thailand's GMO-Z.com Cryptonomics through BTGT Management (Thailand), pending regulatory approval. GMO Internet Group resolved on Sept. 24, 2026, to transfer 100% of the Thai unit's shares to BTGT Management. Bitget holds an interest in BTGT Management. No price was disclosed. The plan follows a hack affecting Bitget's hot and warm wallets. Bitget said approximately $388 million was affected and customer account balances were unaffected.
Key points
- Bitget plans to acquire Thailand's GMO-Z.com Cryptonomics through BTGT Management, pending regulatory approval.
- GMO-Z.com Cryptonomics is a licensed Thai digital asset exchange.
- Bitget CEO Gracy Chen described the acquisition as a strategic opportunity in Thailand.
- No purchase price was disclosed for the proposed acquisition.
Why it matters
The deal would give Bitget a route into Thailand through a locally licensed exchange, pending regulatory approval. Bitget also disclosed a wallet hack in which approximately $388 million was affected.
What's unclear
The purchase price and Bitget's ownership interest in BTGT Management were not disclosed.
It is unclear how Bitget will rebrand or restructure the Thai exchange after approval.
Sources · 4 publishers
CoinGape
Tier 2
Bitget Expands Into Thailand With Acquisition of Licensed Crypto Exchange
Crypto Briefing
Tier 2
Bitget plans to acquire Thai crypto exchange GMO-Z.com
Crypto.news
Tier 2
Bitget eyes Thai crypto exchange takeover weeks after $388M hack
Coverage timeline
- First reported by Cointelegraph
- Also reported by CoinGape
- CryptoVideos brief published
- 1 more publisher added to sources
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