Cripto Exchange Kucoin enters the full market of Thailand

The Cryptocurrenci Exchange Kucoin was set up on the branch further to Southeast Asia, aiming the growing crypto market in Thailand.

Kucoin plans to launch a CRIPTO Exchange platform with digital assets and related products in the country, in accordance with 23. April announcement.

Erks Company Ltd, first Thailand’s security and supervised digital frezing digital tokens, took over like Kukoin Thailand in force 22. April, they stated.

The CRIPTO Exchange will work under the ERX, which recently received a license for CRIPTO Exchange from the Thai Financial Regulator.

“We strengthen our ability to offer localized solutions tailored to the Thai market,” the ERX CEO of Atciai Asavanund said.

Existing ERX users are overrated in the new Kucoin Thailand platform, and Kucoin th app is also available on Android and IOS.

Kucoin joins more and more crowded

Kucoin enters the crowded market, because there are eight other companies licensed with Thai Sec to operate as a CRIPTO and digital property exchange.

These are Vaone Exchange, Bay stage, Thai Digital Assert Exchange, Inovestk Securities, GMO-Z.com Criptonomics, Upbit Exchange, BitKub online and Orbik store.

The battle is far in size and has the current daily scope of trading of about $ 70 million, toward For coongecko. In a comparative, Global Platform Kucoin, claims that he has $ 3.8 billion daily volume.

Related: Thailand Sec plans to launch a tokenized securities trading system

In January, the Thai government announced Pilot program that allows tourists to pay using Bitcoin (Btc) In the center with sand on the holiday island of Phuket. However, it is yet to start.

Although Cripto trading remained popular in Thailand, using the Central Bank of the Central Bank for Payments, a central bank was recorded.

At the beginning of April, Thai Finance regulators targeted Foreign peer-to-peer crypto platforms in their lasting in an effort to fighter against fraud and money laundering.

Kucoin is currently trying to get a settlement with commission for trading in trade goods solved After the previous administration was sued in March 2024. years due to violation of the law on the exchange of goods.

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