Cryptocurrency alternate KuCoin has launched a totally regulated native subsidiary in Thailand after buying an operational license from the nation’s Securities and Exchange Fee (SEC).
KuCoin Thailand is the corporate’s first absolutely regulated native digital asset alternate. In a Friday announcement, KuCoin mentioned the launch displays its dedication to safety and compliance, citing its latest SOC 2 Kind II and ISO 27001 certifications.
“This marks a major step towards strengthening our presence in the fast-growing markets of Southeast Asia, and extra importantly, bringing safe, accessible crypto companies to customers the place they’re,” mentioned KuCoin CEO BC Wong.
Associated: Thailand to block Bybit, OKX and other crypto exchanges on June 28
KuCoin expands licensed enterprise operations by means of acquisition
KuCoin entered the Thai market by means of the acquisition of a local crypto exchange, ERX Company, which was additionally Thailand’s first SEC-supervised digital token alternate.
The platform was rebranded as KuCoin Thailand on April 22. All current ERX customers have since been migrated to the brand new KuCoin platform.
Thailand is presently house to eight different licensed crypto exchanges, which embody WAAN Exchange, Gulf Binance, Thai Digital Property Exchange, InnovestX Securities, GMO-Z.com Cryptonomics, Upbit Exchange, Bitkub On-line and Orbix Commerce.
KuCoin goals to capitalize on the Thai authorities’s plan to allow crypto payments for tourists by means of bank card integrations.
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Cointelegraph by Arijit Sarkar KuCoin Launches Fully Regulated Crypto Exchange in Thailand cointelegraph.com 2025-06-13 08:48:03
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