KuCoin has commenced operations in Thailand with the official launch of its fully licensed crypto exchange by the SEC. The new platform supports Thai Baht and is tailored to meet local user needs.
Launch of KuCoin in Thailand
KuCoin has officially launched its platform in Thailand, becoming the first crypto exchange to operate under its own name with full regulatory approval in the country. The exchange is now open to eligible users and operates under the watchful eye of Thailand's Securities and Exchange Commission (SEC). This marks a significant step forward not only for KuCoin but also for the entire crypto scene in the region.
Benefits for Local Traders
KuCoin Thailand has been built with local users in mind, offering features that are specifically suited to Thai traders. One of the main highlights is the ability to deposit and withdraw Thai Baht directly, which ensures convenient access to fiat finances.
Market Competition in Cryptocurrency
There are already eight SEC-approved exchanges operating in Thailand, including Bitkub and Upbit, which creates significant competition for KuCoin. However, if the company manages to effectively address local user needs and continues to add new features, it stands a good chance of establishing a solid foothold in the Thai market.
KuCoin's expansion into Thailand is part of a broader strategy to secure positions in fully regulated markets. The company is targeting a MiCA license in Austria, which could open new trading opportunities across the EU.
