Crypto Exchange Kucin has announced the official launch of his fully licensed Thailand platform as part of its global expansion.
According to a April 23 announcementThe new platform will be active under Erx Company Limited, which recently received a crypto exchange permit from the Securities and Exchange Commission from Thailand.
As part of the collaboration, Erx has renamed Kucino Thailand, allowing Kucin to offer regulated access to digital assets and trading services in the country.
In commentary on development, Erx CEO Att Tongyai Asavanund said that Kucin’s’ worldwide infrastructure and resources’ the company ‘would enable’ to provide localized solutions that are tailored to the Thai market ‘.
Existing Erx users have migrated to the updated platform, which promises a mix of the worldwide trading experience of Kucino and localized support.
New and existing users would also have access to the platform via the Kucin THApp, which is available on both Android and iOS.
“Our goal is to build a leading digital asset platform in Thailand with global vision, institutional service and state-of-the-art technology,” said Henry Chen, administrative director at Erx.
Kucin Thailand became the ninth Cryptocurrency exchange that was a permit of the Thai SEC, which participated in the ranks of Thai digital asset, Upbit, Bitkub, Gulf Binance, InnovestX Securities, Orbix Trade, Waan Exchange and Gmo-Z.S.Z.S.com.
The Thailand launch also comes when Kucin is involved in a few headwinds in South Korea. As previously reported by crypto.news, South Korean supervisors blocked access to the Kucino app on both Google Play and Apple’s App Store in March, which stated that the exchange was not registered to work in the country.
Nevertheless, Kucin continues to grow in other parts of the world. In 2024 the exchange saw an increase in adoption in Latin -America and the Middle East, which helped the global user base to almost 40 million. Trade volumes tripled in the Mena region, while Europe registered a jump of 144%.
Kucin also looks out of expansion in Europe through a markets in crypto -assets (MICAR) permit. The exchange has applied for an approval of the regulations in Austria, which could offer services throughout the EU.
In the meantime, the exchange in January expanded its services with the launch of KU Coin Pay, a payment platform with which sellers can accept cryptocurrency transactions.
