KuCoin Launches SEC-Approved Exchange in Thailand, Entering a Competitive Market

KuCoin is expanding its operations into Southeast Asia by launching a new subsidiary in Thailand after acquiring ERX Company Limited, which previously held the first SEC-supervised digital token exchange license in the country. The move positions KuCoin to challenge existing market leaders like Bitkub and signifies growing institutional interest in the region’s burgeoning crypto ecosystem. 351 million baht of paid-up capital underscore KuCoin’s commitment to offering robust services. This new platform operates under a regulatory framework that allows for direct competition with local giants, potentially reshaping Thailand’s crypto landscape.