KuCoin is one of the most renowned names in the crypto industry. The crypto exchange is seen as one of the leading names. However, it is currently making headlines for a completely different reason. KuCoin has just released a statement suggesting that the exchange is set to launch its coin, called KuCoin.
Newer Grounds To Cover
KuCoin’s expansion into Southeast Asia is considered a significant milestone in the cryptocurrency’s global strategy. The firm is making steady progress in this matter and has obtained approval from the Securities and Exchange Commission (SEC) in Thailand. This will ensure the token’s legal legitimacy. You can check out the coin’s official page for finer details.
KuCoin Thailand is poised to revolutionize the landscape with the help of a localized approach. This means the coin will be tailored specifically for the Thai customers. This could initiate a trend where localized crypto exchanges provide mid- to casual investors with an easy opportunity to invest.
As of the latest news, the exchange will be regulated and operated by ERX Company Limited. This regulatory body will tailor the landscape to meet the needs and preferences of Thai customers. Therefore, enhancing the overall appeal.
KuCoin is allegedly a part of the company’s long-term strategy to capitalize on local sentiments. This could make cryptocurrency more accessible to investors who prefer local assets over foreign ones. Moreover, it can also increase the overall transparency and make things easier to manage.
