{"id":127839,"date":"2025-04-24T04:19:25","date_gmt":"2025-04-24T04:19:25","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127839"},"modified":"2025-04-24T04:19:25","modified_gmt":"2025-04-24T04:19:25","slug":"crypto-exchange-kucoin-enters-crowded-thailand-market","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127839","title":{"rendered":"Crypto exchange KuCoin enters crowded Thailand market"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsCryptocurrency exchange KuCoin is set to branch further into Southeast Asia, targeting the growing crypto market in Thailand.\u00a0<br \/>\nKuCoin is planning to launch a crypto exchange platform offering digital assets and related products in the country, according to an April 23 announcement.\u00a0<br \/>\nERX Company Ltd, Thailand\u2019s first Securities and Exchange Commission-supervised digital token exchange, has rebranded as KuCoin Thailand effective April 22, it stated.\u00a0<br \/>\nThe crypto exchange will operate under ERX, which recently received a crypto exchange license from the Thai financial regulator.\u00a0<br \/>\n\u201cWe\u2019re strengthening our ability to offer localized solutions tailored to the Thai market,\u201d said ERX chief executive Att Tongyai Asavanund.<br \/>\nExisting ERX users have been migrated to the new KuCoin Thailand platform, and the KuCoin TH app is available on both Android and iOS.\u00a0<br \/>\nKuCoin joins an increasingly crowded Thai market\u00a0<br \/>\nKuCoin is entering a crowded market, as there are eight other companies licensed by the Thai SEC to operate as crypto and digital asset exchanges.<br \/>\nThese are the WAAN Exchange, Gulf Binance, Thai Digital Assets Exchange, InnovestX Securities, GMO-Z.com Cryptonomics, Upbit Exchange, Bitkub Online and Orbix Trade.<br \/>\nBitkub is the largest by far and has a current daily trading volume of around $70 million, according to CoinGecko. Comparatively, KuCoin\u2019s global platform claims to have $3.8 billion in daily volume.\u00a0<br \/>\nRelated: Thailand SEC plans to launch tokenized securities trading system<br \/>\nIn January, the Thai government announced a pilot program enabling tourists to pay using Bitcoin (BTC) in a sandboxed environment on the holiday island of Phuket. However, it has yet to be launched.\u00a0<br \/>\nWhile crypto trading remains popular in Thailand, using crypto assets for payments was outlawed by the central bank in 2022.\u00a0<br \/>\nIn early April, Thai finance regulators targeted foreign peer-to-peer crypto platforms in their latest crackdown in an effort to combat scams and money laundering.\u00a0<br \/>\nKuCoin is currently trying to get a settlement with the US Commodity Futures Trading Commission resolved after it was sued under the previous administration in March 2024 for violating the Commodity Exchange Act.\u00a0<br \/>\nMagazine: Your AI \u2018digital twin\u2019 can take meetings and comfort your loved ones<a href=\"https:\/\/cointelegraph.com\/news\/kucoin-crypto-exchange-enters-crowded-thailand-market?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsCryptocurrency exchange KuCoin is set to branch further into Southeast Asia, targeting the growing crypto market in Thailand.\u00a0 KuCoin is planning to launch a crypto exchange platform offering&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127839"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127839"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127839\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127839"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}