OKX app offers multilingual support, copy trading, and API solutions for global traders. New users enjoy exclusive fee discounts!
Download for Android Download for IOS
Global cryptocurrency exchange KuCoin has obtained regulatory approval from Thailand's Securities and Exchange Commission (SEC) to operate a fully licensed digital asset platform in the country. The expansion comes through KuCoin's acquisition of ERX, Thailand's first SEC-supervised digital token exchange, which has been rebranded as KuCoin Thailand since April 22.
The newly licensed platform marks KuCoin's first fully regulated local exchange operation. 【Industry data】 shows Thailand currently hosts eight other licensed crypto exchanges, including notable players like Bitkub Online and Gulf Binance. KuCoin CEO BC Wong emphasized Thailand's "regulatory clarity and market potential" as key factors in choosing the country for their first regulated expansion in Southeast Asia.
——This strategic acquisition allows us to bring secure, compliant crypto services to local users where they are—— Wong stated in an exclusive interview. The exchange currently offers spot trading and Thai baht fiat on/off-ramp services, with plans to expand offerings in line with local regulations.
KuCoin Thailand's registration with Thailand's Ministry of Commerce was confirmed on April 30. The platform has migrated all existing ERX users to its new system. This development follows KuCoin's recent SOC 2 Type II and ISO 27001 certifications, demonstrating the exchange's focus on security and compliance.
Interestingly, the launch comes as Thailand prepares to allow crypto payments for tourists through credit card integrations. KuCoin aims to capitalize on this emerging market opportunity while navigating Thailand's competitive exchange landscape that includes established local players.
The Thai SEC has maintained strict oversight of digital asset platforms, recently announcing plans to block unregistered exchanges like OKX and Bybit starting June 28. KuCoin's approved entry positions it as a compliant alternative in Thailand's 【67 billion baht】 cryptocurrency market.
As of press time, KuCoin Thailand's platform supports core trading functions while maintaining full compliance with local regulations. The exchange's long-term strategy includes potential expansion of services to meet growing demand in one of Southeast Asia's most dynamic crypto markets.