KuCoin Launches Fully Licensed Exchange in Thailand

KuCoin, a prominent global cryptocurrency exchange, has launched KuCoin Thailand, a fully licensed digital token and cryptocurrency exchange. This marks the first time the KuCoin brand has established a locally regulated platform in Thailand, operating under the supervision of the Thai Securities and Exchange Commission (SEC). The new exchange offers both crypto-to-crypto trading and fiat integration, including Thai Baht on-ramp and off-ramp services, making it more accessible to local traders and investors.

The launch of KuCoin Thailand follows an invite-only pilot phase and is now open to all eligible users in Thailand. The platform supports Thai Baht, ensuring that local traders and investors can easily convert their fiat currency into digital assets. This move is part of KuCoin's strategic expansion into the growing cryptocurrency market in Southeast Asia, a region known for its progressive regulation and increasing adoption of digital assets.

KuCoin's entry into Thailand's crypto market is significant as it joins a competitive field that includes eight other SEC-licensed exchanges. Despite regulatory tightening and restrictions on crypto payments, interest in trading remains high in Thailand. The launch of KuCoin Thailand is expected to further boost the local cryptocurrency market by providing a secure and compliant trading environment.

KuCoin's expansion into Thailand is not its only strategic move. The exchange is also looking to expand into Europe by securing a Markets in Crypto-Assets license. In February this year, the exchange submitted an application in Austria, aiming to gain approval to operate throughout the European Union. This move demonstrates KuCoin's commitment to expanding its global presence while adhering to regulatory requirements in different regions.

The launch of KuCoin Thailand is a significant milestone for the company, as it demonstrates its commitment to expanding its global presence while adhering to regulatory requirements. By providing a fully licensed and regulated platform, KuCoin is likely to attract more users and investors to the market, leading to increased adoption of digital assets in Thailand and contributing to the growth of the cryptocurrency industry in the region.