Global cryptocurrency exchange KuCoin has officially launched its fully regulated digital asset platform in Thailand, marking a major strategic expansion into the key Southeast Asian market.
The new platform, KuCoin Thailand, is now accessible to all eligible users in the country, operating under a license from Thailand’s Securities and Exchange Commission (SEC).
A Locally Compliant Platform with Thai Baht Integration
Designed specifically for the Thai market, the new platform combines KuCoin’s global technology infrastructure with localized features. Most notably, the exchange integrates direct fiat on-ramps and off-ramps in Thai Baht, streamlining the user experience and removing a key point of friction for local residents. The platform will offer digital asset trading services legally and with full regulatory oversight from the Thai SEC.
This launch is part of KuCoin’s broader global compliance strategy. The company recently attained two major international security certifications, SOC 2 Type II and ISO 27001, to validate its data protection and operational integrity.
Related: KuCoin Eyes Return to South Korea, Launches $2B Trust Initiative
In a statement, KuCoin CEO BC Wong noted the move builds on the company’s other regulatory successes, including its recent registration with India’s Financial Intelligence Unit (FIU).
Why Thailand Is a Crucial Market for Crypto Exchanges
KuCoin’s major investment in a localized platform is driven by Thailand’s position as a leading player in digital asset adoption. In 2023, an estimated 13 million people in the country; approximately 18% of the population, were reported to have used cryptocurrency.
Related: KuCoin Pay Brings Merchant-Friendly Crypto Solutions
Thai authorities have also taken proactive steps to expand crypto use cases, including recent plans to enable crypto spending for tourists through credit card integration. This combination of high grassroots adoption and a forward-thinking regulatory environment makes Thailand one of the most attractive markets for global crypto exchanges looking to expand their footprint in Southeast Asia.
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