KuCoin Crashes Thailand, But Wait Till You Hear About Korea! 😂

by

So, KuCoin, this crypto exchange thingy, just strutted into Thailand like it owns the place. “Fully licensed,” they say. Like it’s some kind of royal decree or something. Yeah, it’s part of their “global expansion”—sounds fancy, but really, they just wanted a new playground.

They’re running this through ERX Company Limited. Oh, and guess what? ERX just got a shiny crypto exchange license from Thailand’s 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.

ERX’s big boss, Att Tongyai Asavanund, said something about “global infrastructure” and “localized solutions” for the Thai market. Translation: “We got the big toys, and we’re gonna pretend it’s tailor-made for you.” Sounds legit, right?

Oh, and if you were already using ERX, no worries—they just tossed you over to KuCoin Thailand like a hot potato. But now you get their “global experience” mixed with a sprinkle of local flavor. Kind of like pizza with extra anchovies; some like it, some don’t.

And for those who live on their phones (who doesn’t?), there’s the KuCoin TH app—because apps are life. Android, iOS, you name it. If it blinks, you can probably trade on it.

Henry Chen from the board said their “goal” is to build the best digital asset thingamajig in Thailand, with fancy tech and “institutional-grade service.” 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. It’s like a cool kid’s club with names like Upbit and Bitkub. You remember those? Me neither.

Meanwhile, KuCoin hit a little bump in South Korea—Google Play and Apple said, “Nope, you can’t play here,” because KuCoin forgot to get registered. Classic! Like showing up to a party uninvited and then complaining you can’t get in.

But hey, KuCoin’s 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. Europe’s 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. Austria’s the target. Because why not? If you can’t be loved everywhere, just spread out and hope for the best.

Oh, and in January, they launched Ku Coin Pay—a genius way for merchants to say, “Sure, take my coins, whatever those are, I don’t care.” Crypto payments, because traditional money is so last century.

Read More

2025-04-24 10:05