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Crypto Exchange KuCoin Launches Fully Regulated Platform in Thailand

Cryptocurrency exchange KuCoin has officially launched its fully regulated subsidiary in Thailand after obtaining an operational license from the Securities and Exchange Commission (SEC).

This marks a significant milestone as it is KuCoin's first entirely compliant digital asset exchange within the country.

CEO BC Wong indicated that this move is crucial for expanding their footprint in Southeast Asia and aims to provide secure and accessible cryptocurrency services.

The establishment in Thailand follows KuCoin's acquisition of ERX Company, which was previously Thailand's first digital token exchange under SEC supervision and has now been rebranded as KuCoin Thailand.

As of April 22, users from the existing ERX platform have been seamlessly transitioned to the new KuCoin services, enhancing their trading experience.

With eight other licensed crypto exchanges in Thailand, including WAAN Exchange and Bitkub Online, the market for digital assets continues to grow in the region.

KuCoin plans to leverage the Thai government's initiatives that allow crypto payments for tourists via credit card integrations, further enhancing its service offerings.

Having secured regulatory approval, KuCoin is positioning itself to capture a significant share of Thailand's digital asset market.

This development underscores not only KuCoin's ambitions for growth but also highlights the critical role of regulatory compliance in the evolving global cryptocurrency landscape.

The establishment of regulated exchanges is essential for building trust and encouraging wider adoption among cryptocurrency users.