{"id":48593,"date":"2021-08-31T12:08:26","date_gmt":"2021-08-31T09:08:26","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=48593"},"modified":"2025-09-02T03:00:04","modified_gmt":"2025-09-02T00:00:04","slug":"thai-zipmex-bitcoin-exchange-raises-41-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/thai-zipmex-bitcoin-exchange-raises-41-million\/","title":{"rendered":"Thai Zipmex bitcoin exchange raises $41 million"},"content":{"rendered":"<p>Thai cryptocurrency exchange Zipmex has raised $41 million, with investors including the country\u2019s fifth-largest lender Bank of Ayudhya (BAY), media firms, and venture funds.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">\ud83c\udf8a\ud83c\udf89Zipmex had raised $41 million from the country\u2019s fifth-largest lender, Bank of Ayudhya Pcl BAY.BK, as well as media firms, and plans to expand product offerings and its user base.<br \/>.<br \/>\ud83d\udc49Read more about this here <a href=\"https:\/\/t.co\/UUVtw47eIP\">https:\/\/t.co\/UUVtw47eIP<\/a><br \/>.<a href=\"https:\/\/twitter.com\/hashtag\/Zipmex?src=hash&#038;ref_src=twsrc%5Etfw\">#Zipmex<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/ZipmexAsia?src=hash&#038;ref_src=twsrc%5Etfw\">#ZipmexAsia<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Krungsri?src=hash&#038;ref_src=twsrc%5Etfw\">#Krungsri<\/a><\/p>\n<p>\u2014 ZIPMEX (@zipmex) <a href=\"https:\/\/twitter.com\/zipmex\/status\/1432591821348114439?ref_src=twsrc%5Etfw\">August 31, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Following the round, Zipmex&#8217;s total financing reached $52 million.<\/p>\n<p>Seventy-six point nine percent of BAY&#8217;s shares are owned by Japanese financial giant Mitsubishi UFJ Financial Group. The bank invests in startups through its venture arm, Krungsri Finnovate.<\/p>\n<p>In the round, the institution joined Thai firms Plan B Media and Master Ad.<\/p>\n<p>According to Krungsri Finnovate&#8217;s managing director Sam Tansakul, the deal will give BAY greater access to blockchain and the digital-asset ecosystem.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;If we don&#8217;t stay closer, technology will distance itself from the bank,&#8221; he said.<\/p>\n<\/blockquote>\n<p>In the short term, the new funding will enable Zipmex to double its user base to one million within the next six months, said Chief Executive Marcus Lim.<\/p>\n<p>More than half of the exchange&#8217;s customers are in Thailand, about a fifth in Indonesia. The platform also has users in Singapore and Australia, where further expansion is planned, Lim said.<\/p>\n<p>Zipmex plans to strengthen its technology and compliance teams to develop new products in lending, payments, and securities.<\/p>\n<p>Earlier reports noted <a href=\"https:\/\/u1f987.com\/en\/news\/thailand-to-tighten-registration-requirements-for-crypto-exchanges\">tightening of registration<\/a> for Bitcoin exchanges in Thailand.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/vk.com\/forklogcom\" target=\"_blank\" rel=\"nofollow noopener\">VK<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thai cryptocurrency exchange Zipmex has raised $41 million. Investors include the country\u2019s fifth-largest lender Bank of Ayudhya (BAY), media firms, and venture funds.<\/p>\n","protected":false},"author":1,"featured_media":48594,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1166,52,1266],"class_list":["post-48593","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-centralized-exchanges-cex","tag-investments","tag-thailand"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48593","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=48593"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48593\/revisions"}],"predecessor-version":[{"id":48595,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48593\/revisions\/48595"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/48594"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=48593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=48593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=48593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}