KuCoin launches fully licensed crypto exchange in Thailand

KuCoin has officially launched a fully licensed crypto exchange in Thailand, marking the first locally regulated platform under the KuCoin brand.

Crypto exchange KuCoin has publicly launched KuCoin Thailand, a fully regulated digital asset trading platform operating under the supervision of Thailand’s Securities and Exchange Commission. The new exchange follows an invite-only pilot phase and is now open to all eligible users in Thailand.

The launch of KuCoin Thailand marks the debut of the first fully licensed local exchange under the KuCoin brand. It operates with regulatory approval and offers both crypto-to-crypto trading and fiat integration, including Thai Baht on-ramp and off-ramp services.

KuCoin officially entered Thailand’s regulated crypto market following an April 23 announcement that saw ERX Company Limited — Thailand’s first SEC‑supervised crypto exchange — rebrand to KuCoin Thailand and relaunch under its license. The transition, effective April 22, migrated all existing ERX users and introduced the KuCoin TH app for Android and iOS.

Thailand’s crypto sector is one of the most active in Southeast Asia, bolstered by progressive regulation and increasing adoption. KuCoin joins a competitive field that includes eight other SEC-licensed exchanges, including Bitkub, Upbit, Gulf Binance, Thai Digital Assets Exchange, WAAN Exchange, InnovestX Securities, GMO-Z.com Cryptonomics, and Orbix Trade. Despite regulatory tightening and restrictions on crypto payments, interest in trading remains high.

KuCoin is also looking to expand into Europe by securing a Markets in Crypto-Assets license. In February this year, the exchange submitted an application in Austria, aiming to gain approval to operate throughout the European Union.