KuCoin Launches Fully Regulated Crypto Exchange in Thailand

KuCoin has officially launched a fully regulated local subsidiary in Thailand , marking a significant milestone in the platform’s Southeast Asia expansion strategy. The move comes after KuCoin secured a license from Thailand’s Securities and Exchange Commission (SEC), allowing it to operate as a legally recognized digital asset exchange. Announced on Friday, the new entity—KuCoin Thailand—is the company’s first fully licensed exchange in any market. The platform was formed through the acquisition and rebranding of ERX Company, which was Thailand’s first SEC-regulated digital token exchange. All existing ERX users have been migrated to the newly launched KuCoin platform. KuCoin emphasized that the launch demonstrates its dedication to regulatory compliance and security. The exchange recently attained both the SOC 2 Type II and ISO 27001 certifications, underlining its focus on robust data protection and risk management practices. “This marks a significant step toward strengthening our presence in the fast-growing markets of Southeast Asia,” said KuCoin CEO BC Wong. “More importantly, it brings secure, accessible crypto services to users where they are.” Strategic Market Entry Through Acquisition Rather than building from the ground up, KuCoin chose to acquire ERX to accelerate its market entry. This strategic approach enabled KuCoin to enter Thailand’s competitive crypto market with an established user base and SEC oversight already in place. ERX was rebranded to KuCoin Thailand on April 22, and operations have since been transitioned to the KuCoin platform. Thailand is a rapidly growing hub for digital asset trading, currently home to eight other licensed exchanges, including Bitkub Online, Gulf Binance, Upbit Exchange, and WAAN Exchange. With the KuCoin Thailand launch, the exchange positions itself among these top players, eyeing both local and international traders. Thailand Crypto Ambitions KuCoin’s expansion aligns closely with the Thai government’s pro-crypto stance. The country has been pursuing several initiatives to integrate blockchain and crypto technologies into its economy. Among them is a plan to allow tourists in Thailand to make crypto payments via credit card systems—a move that could boost Thailand’s appeal as a tech-savvy travel destination. Additionally, Thailand is exploring the launch of a Thai Baht-backed stablecoin tied to government bonds. This could democratize bond investments and potentially introduce a new means of everyday payments, setting the stage for further crypto adoption in the region. The post KuCoin Launches Fully Regulated Crypto Exchange in Thailand appeared first on TheCoinrise.com .

Source: The Coin Rise