Post
Topic
Board Economics
Re: The Largest Crypto Exchanger in Thailand has been acquired by Commercial Bank
by
oHnK
on 03/11/2021, 13:24:30 UTC
Acquiring some stakes does not mean taking over management, the exchnage is still managed by old people. After all, the stake buyer is the oldest bank that may have been a trusted service to local residents for years. Of course it will give a special impression.

Talking about profit, it seems that the bank made the right decision. I saw their coin price grow by 125% in the last 24 hours. An instant profit.

51% stake majority has been acquired by them, it means they have a right to change the management although I don't know if they change the management or not. If you think about profit, yes, I'm sure that investing in crypto will provide very high returns and risks as well. Many companies that previously lost money have become successful after investing in crypto. Aren't we too? The highest profit of our asset portfolio is in the crypto market.