{"id":23530,"date":"2025-04-24T10:31:44","date_gmt":"2025-04-24T10:31:44","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=23530"},"modified":"2025-04-24T10:31:44","modified_gmt":"2025-04-24T10:31:44","slug":"kucoin-expands-into-southeast-asia-with-focus-on-thailands-growing-crypto-market","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=23530","title":{"rendered":"KuCoin Expands Into Southeast Asia With Focus On Thailand\u2019s Growing Crypto Market"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">Cryptocurrency<\/span><span data-preserver-spaces=\"true\"> exchange KuCoin is deepening its presence in Southeast Asia by launching a dedicated platform in Thailand<\/span><span data-preserver-spaces=\"true\">, <\/span><span data-preserver-spaces=\"true\">aiming<\/span><span data-preserver-spaces=\"true\"> to tap into the country\u2019s expanding digital asset market.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">According to a 23 <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.kucoin.com\/blog\/kucoin-supports-the-official-launch-thailand\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">April 2025 <\/span><span data-preserver-spaces=\"true\">announcement<\/span><\/a><span data-preserver-spaces=\"true\">, KuCoin will operate in Thailand through ERX Company Ltd, the nation\u2019s first Securities and Exchange Commission (SEC)-regulated digital token exchange.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-ai-crypto-coins\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">10 Best AI Crypto Coins to Invest in 2025<\/span><\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">ERX Rebrands as KuCoin Thailand After Securing Crypto Exchange License<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">ERX has officially rebranded as KuCoin Thailand as of April 22, following the recent approval of its crypto exchange license from Thai financial authorities.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cWe\u2019re strengthening our ability to offer localized solutions tailored to the Thai market,\u201d said ERX CEO Att Tongyai Asavanund. Existing ERX users have already been migrated to the new platform, with the KuCoin Thailand app now available on both Android and iOS devices.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">KuCoin enters a competitive landscape, joining eight other exchanges licensed by the Thai SEC.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Major players include Bitkub, Thailand\u2019s leading exchange with a daily trading volume of approximately $70 million, alongside platforms like Upbit, Gulf Binance, and Thai Digital Assets Exchange.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In comparison, KuCoin\u2019s global operations boast a daily trading volume of $3.8 billion, according to CoinGecko.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Thailand continues to be a hub for crypto enthusiasm despite regulatory hurdles. While trading digital assets remains popular, the use of cryptocurrencies for payments has been banned by the central bank since 2022. <\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f6a8.png\" alt=\"\ud83d\udea8\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> THAILAND&#8217;S FINANCIAL HUB BLUEPRINT <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f6a8.png\" alt=\"\ud83d\udea8\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"><\/p>\n<p>&#8220;Here in Thailand we are integrating future focused regulations into the bill\u2026&#8221;<\/p>\n<p>&#8220;- this including streamlined licensing for digital finance operators.&#8221; <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f92f.png\" alt=\"\ud83e\udd2f\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"><\/p>\n<p>Things are moving quick in Thailand\u2026<\/p>\n<p>Excited to see what comes for <a href=\"https:\/\/twitter.com\/search?q=%24VELO&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$VELO<\/a> &amp;\u2026 <a href=\"https:\/\/t.co\/eygo4kv2EH\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/eygo4kv2EH<\/a><\/p>\n<p>\u2014 Luke \u2013 The Deeper Dive (@lukeTDD) <a href=\"https:\/\/twitter.com\/lukeTDD\/status\/1901866975145640421?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">March 18, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">Earlier this year, the Thai government proposed a pilot <\/span><span data-preserver-spaces=\"true\">allowing<\/span><span data-preserver-spaces=\"true\"> tourists to use Bitcoin for payments in Phuket, though the initiative has yet to <\/span><span data-preserver-spaces=\"true\">launch<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Meanwhile, Thai regulators have increased scrutiny <\/span><span data-preserver-spaces=\"true\">on<\/span><span data-preserver-spaces=\"true\"> foreign peer-to-peer crypto platforms to combat fraud and money laundering.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Best New Cryptocurrencies to Invest in 2025<\/span><\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">KuCoin Strives to Resolve Legal Issues<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">KuCoin\u2019s expansion comes as the exchange works to resolve legal issues with the U.S. Commodity Futures Trading Commission (CFTC), which sued the platform in March 2024 for alleged violations of the Commodity Exchange Act under the previous U.S. administration.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Earlier this year, the exchange <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/news\/kucoin-pleads-guilty-to-unlicensed-operations-settles-for-300m-as-founders-resign\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">pleaded guilty to operating an unlicensed<\/span><\/a><span data-preserver-spaces=\"true\"> money-transmitting business in the United States.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">As part of a settlement with US authorities, KuCoin agreed to pay nearly $300 million and\u00a0<\/span><span data-preserver-spaces=\"true\">will<\/span><span data-preserver-spaces=\"true\">\u00a0exit the US market for the next two years. The exchange\u2019s founders, Michael Gan and Eric Tang, have also been forced to resign as part of the deal.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The settlement also required KuCoin to forfeit $184.5 million and pay an additional $112.9 million fine. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">KuCoin founders Gan and Tang were also required to forfeit $2.7 million and agreed to step away from all management and operational roles within KuCoin. The company,\u00a0<\/span><span data-preserver-spaces=\"true\">officially<\/span><span data-preserver-spaces=\"true\">\u00a0known as PEKEN Global Limited, entered its guilty plea in a Manhattan federal court.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-meme-coin-icos\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Best Meme Coin ICOs to Invest in April 2025<\/span><\/a><\/strong><\/p>\n<p><strong><a class=\"editor-rtfLink\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/span><\/a><\/strong><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h3>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n        <span data-preserver-spaces=\"true\">KuCoin has rebranded ERX as KuCoin Thailand to expand its presence in Southeast Asia\u2019s growing crypto market.<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        <span data-preserver-spaces=\"true\">The exchange enters a competitive Thai market while regulators maintain strict controls on crypto payments and foreign platforms.<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        <span data-preserver-spaces=\"true\">KuCoin is finalizing a $300 million settlement with U.S. authorities after pleading guilty to operating an unlicensed money-transmitting business.<\/span>    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/kucoin-expands-into-southeast-asia-with-focus-on-thailands-growing-crypto-market\/\">KuCoin Expands Into Southeast Asia With Focus On Thailand\u2019s Growing Crypto Market<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency exchange KuCoin is deepening its presence in Southeast Asia by launching a dedicated platform in Thailand, aiming to tap into the country\u2019s expanding digital asset market. According to a 23 April 2025 announcement, KuCoin will operate in Thailand through ERX Company Ltd, the nation\u2019s first Securities and Exchange Commission (SEC)-regulated digital token exchange. EXPLORE:\u00a010 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-23530","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/23530","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23530"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/23530\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}