KuCoin announced that it has officially launched KuCoin Thailand, a local digital token and cryptocurrency exchange operated by ERX Company Limited.
The platform blends the global trading experience and high security standards of KuCoin with services tailored to the Thai market.
It is fully licensed under the supervision of the Securities and Exchange Commission of Thailand, ensuring it meets the country’s legal and regulatory rules.
A Crowded Local Market
Thailand already has eight exchanges licensed by its SEC. These include Bitkub Online, InnovestX Securities, GMO-Z.com Cryptonomics, Upbit Exchange, WAAN Exchange, Gulf Binance, Thai Digital Assets Exchange, and Orbix Trade.
According to CoinGecko, Bitkub continues to lead with a daily trading volume of over $70.00 million, while KuCoin’s worldwide platform reports a daily trading volume of approximately $3.8 billion.
Also Read: Crypto Exchange KuCoin Inks Sponsorship Deal With Dubai Sports Council to Host Padel Tournament
Regulatory Environment and Recent Moves
In January, the Thai government unveiled a pilot program allowing tourists to pay with Bitcoin in a controlled setting on Phuket Island.
So far, the program has not started operations. Although trading remains popular, the central bank outlawed the use of crypto assets for payments in 2022.
In early April, Thai finance regulators focused on foreign peer-to-peer crypto platforms to curb scams and money laundering. These actions show growing regulatory scrutiny even as digital asset trading continues to grow in popularity.
Global Compliance and Innovation
KuCoin stressed that the launch in Thailand reflects its commitment to compliance and transparency worldwide.
The company called itself an active member of the global crypto ecosystem. It said it will keep driving innovation while building a trading environment that users can trust.
Legal Challenges in the United States
Recently, the United States Attorney’s Office for the Southern District of New York reported that KuCoin pleaded guilty to one count of operating an unlicensed money-transmitting business. This development highlights the legal risks that crypto firms can face in different jurisdictions.
KuCoin Thailand enters a competitive landscape with a solid global backing. The exchange must win over Thai traders who already have many options. Its licensed status and local focus may give it an edge.
At the same time, ongoing regulatory changes and past legal issues in the United States will test how well KuCoin can balance growth and compliance in a fast-evolving industry.
Having said that, KuCoin’s entry into Thailand with a fully licensed local exchange underscores the growing importance of regulatory compliance in the cryptocurrency industry.
Also Read: KuCoin Becomes First CEX To List HYPE Deposits for Investors; Token Surges Past 14%