Bitget plans to acquire Thai crypto exchange GMO-Z.com

Bitget wants a license in Thailand, and it has picked the shortcut: buy a company that already holds one. The exchange announced on October 20, 2026 that it intends to acquire GMO-Z.com Cryptonomics (Thailand) Co., Ltd., a licensed digital asset exchange. Building a regulated operation from scratch takes time. Buying one off the shelf, from an owner ready to leave, takes considerably less. How the deal is structured Bitget is not buying the Thai exchange directly. The acquisition runs through Bitget’s investment in BTGT Management (Thailand) Ltd., which is the entity set to receive the shares. The seller is GMO Internet Group, the Japanese parent of the Thai unit. On September 24, 2026, GMO resolved to transfer 100% of its shares in GMO-Z.com Cryptonomics (Thailand) to BTGT Management. The transfer is scheduled for completion by October 31, 2026. That date depends on regulatory approvals, so it is a target rather than a done deal. Before the transfer, the voting rights figure attached to the Thai entity stood at 99.94%. After it, if regulators sign off, control passes to the Bitget-backed vehicle. What Bitget is paying remains a mystery. The transfer price has not been disclosed, a...