Bitget aims to acquire GMO-Z.com Cryptonomics (Thailand) Co., Ltd., a licensed digital asset exchange in Thailand, through its local affiliate BTGT Management (Thailand) Ltd. This move is part of Bitget's strategy to establish regulated operations in Thailand and broaden its presence in Southeast Asia. The acquisition is pending regulatory approval and other conditions, with no disclosed sale price. The plan follows a recent cyberattack on Bitget's wallets affecting $388 million in assets, after which the exchange has been restoring withdrawal services and targets completion by October 31.
Bitget's plan to acquire a licensed Thai exchange provides context for cryptocurrency market activity. For readers following digital assets, here is Pluang's market snapshot as of Oct 20, 2026 23:21 WIB: out of 50 major cryptocurrencies, 42 rose and 7 fell today. Notable movers include EGLD at Rp67.053 with a 3.23% increase and a typical hold time of 86 days, ALGO at Rp2.024 up 3.05% with 130 days typical hold time, and ENJ at Rp502 rising 3.03% with a 105-day hold time. Pluang order activity shows mixed buy/sell ratios across these assets.
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