KuCoin Launches Fully Regulated Crypto Exchange in Thailand

One of the most prominent cryptocurrency exchanges in the world, KuCoin, has recently made an announcement on the debut of KuCoin Thailand. KuCoin Thailand is a licensed digital token and cryptocurrency exchange that operates under the supervision of the Securities and Exchange Commission (SEC) of Thailand. After what was once an invite-only period, the platform is now officially available to any and all users in Thailand who meet the requirements.

This is the first fully regulated local digital asset exchange under the KuCoin brand, which is a significant milestone in the company’s ambition to develop infrastructure that is quick, safe, and user-friendly for cryptocurrency users all around the globe. The latest certifications that KuCoin has received, namely SOC 2 Type II and ISO 27001, further demonstrate the company’s dedication to maintaining the highest possible levels of security and regulatory compliance.

KuCoin Thailand makes use of KuCoin’s world-class global technology, which has been modified to cater to the requirements and preferences of cryptocurrency users in Thailand. By putting an emphasis on solid security, user-friendly design, and a user experience that is tailored to the local culture, it establishes a new standard for the engagement of digital assets in Southeast Asia. Access to cryptocurrencies is made far simpler than it has ever been before because to the platform’s seamless on-ramp and off-ramp solutions for Thai Baht fiat currency.

BC Wong, CEO of KuCoin comments:

“We are thrilled to see the official launch of KuCoin Thailand, a significant milestone in our global compliance journey. At KuCoin, compliance and user security have always been guiding principles — not just strategic choices, but steadfast commitments to our users.

From being the first global exchange to register with India’s FIU to now launching the first local compliant platform in Thailand, this marks a significant step toward strengthening our presence in the fast-growing markets of South East Asia, and more importantly, bringing secure, accessible crypto services to users where they are.’’

Through the implementation of forward-thinking rules and robust support from the government, Thailand continues to be the leader in the adoption of cryptocurrencies in Southeast Asia. Around 13 million Thais, or around 18% of the total population, were utilizing cryptocurrencies in the year 2023.

A look into the future reveals that the government is getting ready to make it possible for tourists to spend cryptocurrency via credit card integrations, which would further advance the digital asset ecosystem of the nation.

With the introduction of KuCoin Thailand, KuCoin is able to fulfill its larger objective of making cryptocurrency available to everyone, everywhere, while also being completely compliant with the rules that are in place in Thailand. To begin their adventure into the world of cryptocurrency, any Thai users who are eligible may now visit www.kucoin.th to learn more about the platform’s services.