So, KuCoin, this crypto exchange thingy, just strutted into Thailand like it owns the place. âFully licensed,â they say. Like itâs some kind of royal decree or something. Yeah, itâs part of their âglobal expansionââsounds fancy, but really, they just wanted a new playground.
Theyâre running this through ERX Company Limited. Oh, and guess what? ERX just got a shiny crypto exchange license from Thailandâs Securities and Exchange Commission. Like getting a gold star, but for boring financial stuff.
In the ultimate glow-up, ERX slapped on a new name tag: KuCoin Thailand. Because hey, why not confuse everyone by mixing the old with the new? Now they can officially peddle digital stuff and let people trade away, all nice and regulated.
ERXâs big boss, Att Tongyai Asavanund, said something about âglobal infrastructureâ and âlocalized solutionsâ for the Thai market. Translation: âWe got the big toys, and weâre gonna pretend itâs tailor-made for you.â Sounds legit, right?
Oh, and if you were already using ERX, no worriesâthey just tossed you over to KuCoin Thailand like a hot potato. But now you get their âglobal experienceâ mixed with a sprinkle of local flavor. Kind of like pizza with extra anchovies; some like it, some donât.
And for those who live on their phones (who doesnât?), thereâs the KuCoin TH appâbecause apps are life. Android, iOS, you name it. If it blinks, you can probably trade on it.
Henry Chen from the board said their âgoalâ is to build the best digital asset thingamajig in Thailand, with fancy tech and âinstitutional-grade service.â Sounds impressive until you realize that just means they want your money, but with a suit on.
By the way, KuCoin Thailand is just the ninth exchange licensed by the Thai SEC. Itâs like a cool kidâs club with names like Upbit and Bitkub. You remember those? Me neither.
Meanwhile, KuCoin hit a little bump in South KoreaâGoogle Play and Apple said, âNope, you canât play here,â because KuCoin forgot to get registered. Classic! Like showing up to a party uninvited and then complaining you canât get in.
But hey, KuCoinâs still swimming strong in Latin America and the Middle East. Trading volumes in those spots are going up faster than my blood pressure during rush hour. Europeâs seeing a 144% jump, whatever that really means.
Now, they want in on the whole European thing through this Markets in Crypto-Assets (MiCAR) license. Austriaâs the target. Because why not? If you canât be loved everywhere, just spread out and hope for the best.
Oh, and in January, they launched Ku Coin Payâa genius way for merchants to say, âSure, take my coins, whatever those are, I donât care.â Crypto payments, because traditional money is so last century.
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2025-04-24 10:05