KuCoin has officially launched the new cryptocurrency exchange KuCoin Thailand, regulated by the Thailand Securities and Exchange Commission. This event represents a step toward the company's global development.
Significance of KuCoin Thailand Launch
The launch of KuCoin Thailand followed the acquisition and rebranding of ERX, the first licensed digital asset exchange in Thailand. KuCoin bypasses lengthy approval processes using the existing licensed platform of ERX.
Features of KuCoin Thailand Platform
The new platform combines KuCoin's well-known global technology and security systems with local features. These include the ability to deposit and withdraw funds in Thai Baht directly from the platform. KuCoin has also confirmed compliance with the best practices for user privacy and safety.
Support for Crypto Industry Growth in Thailand
Thailand actively supports the growth of the crypto industry through improved regulations and clear policies, attracting global platforms like KuCoin. In 2023, 18% of the population, approximately 13 million Thais, actively use digital assets.
The launch of KuCoin Thailand emphasizes the importance of regulatory compliance and user safety in a country that is actively developing its cryptocurrency initiatives.
