KuCoin Launches Fully Regulated Crypto Exchange in Thailand With Baht Access – Coincu

• KuCoin officially enters Thailand with a fully regulated crypto platform approved by the SEC.
• New exchange offers Thai Baht support, enabling seamless crypto trading for local users.
• Thailand’s booming crypto market attracts KuCoin’s latest regional expansion.

KuCoin, one of the world leaders in crypto trading, has officially opened a fully licensed digital asset exchange in Thailand. This exchange is called KuCoin Thailand and is under the regulation of the Thai Securities and Exchange Commission (SEC), which is considered a remarkable step in the company’s expansion in Southeast Asia.

The tactical step brings a compliant and locally customized crypto-trading platform to Thai users. KuCoin Thailand will support direct fiat on-ramps and off-ramps in Thai Baht, allowing its users flawless deposit and withdrawal capabilities without recourse to third-party currency conversion services.

Under the complete oversight of the SEC, KuCoin Thailand will enhance the confidence of the investors and comply with Thailand’s regulatory requirements. The launch is an indication that KuCoin is digging into regulated markets in Asia.

Local Integration and Regulatory Compliance Set KuCoin Apart

The newly launched platform has been designed specifically to align with local market expectations. By integrating Thai Baht (THB) directly into its system, KuCoin removes common entry barriers that previously deterred users from engaging in crypto trading.

KuCoin delivers numerous crypto trading services via a safe and convenient user interface that is supported by its global system infrastructure. Besides the local fiat coverage, the platform also has a license to operate from the Ministry of Finance of Thailand and has the approval of the SEC, meaning that the crypto trading business is legal in the country.

Security and compliance also remain a priority on the exchange. Recently, KuCoin has obtained two global certifications, SOC 2 Type II and ISO 27001, which proved its commitment to data security and operation transparency. These are done to satisfy the regulator’s and users’ expectations.

CEO BC Wong added that this launch is another in a series of regulatory achievements KuCoin is experiencing, with the example of registering with the Financial Intelligence Unit (FIU) in India being the latest. Such emphasis on regulation and compliance remains part of KuCoin’s long-term game plan in Asia.

Thailand Emerges as a Key Market for Crypto Growth

Thailand has quickly developed into one of the most vibrant crypto ecosystems in Southeast Asia. There is also a solid grassroots appreciation of digital assets, with almost 13 million citizens, or roughly 18 percent of the population, reporting to have used cryptocurrency in 2023.

Thailand authorities have responded proactively to increase crypto utility. The government has presented an initiative to spend digital currencies in the tourism sector, such as pilot programs connecting crypto wallets to the leading credit card networks.

Such a combination of regulatory support and a high adoption rate makes Thailand a prime target for international exchanges looking to expand. With the introduction of a fully regulated and Baht-integrated platform, KuCoin will be in a position to gain a significant market share in such an environment.

Industry experts believe that other exchanges around the world will consider following the regulatory route in Thailand, as KuCoin has taken. As the government becomes more open to blockchain technology, the nation will continue to be a significant digital finance hub in the region.

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