Analysis
7 Digital Asset Exchanges Hold an SEC Licence in Thailand, Including Bitkub and Gulf Binance
Every digital asset exchange on the SEC Thailand licensee list.
The short version: 7 companies are licensed as digital asset exchanges by the SEC in Thailand: Bitkub, Gulf Binance, Orbix Trade, TDX, Upbit Thailand, WAANX, Z.com EX (SEC list, read 22 Oct 2026). TDX is marked for digital tokens only; the others for both cryptocurrency and digital tokens.
Licensed Exchanges
| Firm | Company name | Licences (asset marks) | Website (SEC list) |
|---|---|---|---|
| Bitkub | Bitkub Online Company Limited | exchange (cryptocurrency + digital token); broker (cryptocurrency + digital token) | bitkub.com |
| Gulf Binance | Gulf Binance Company Limited | exchange (cryptocurrency + digital token); broker (cryptocurrency + digital token) | binance.th/th |
| Orbix Trade | Orbix Trade Company Limited | exchange (cryptocurrency + digital token); broker (cryptocurrency + digital token) | orbixtrade.com |
| TDX | Thai Digital Assets Exchange Company Limited | exchange (digital token) | set.or.th/th/tdx/about |
| Upbit Thailand | Upbit Exchange (Thailand) Company Limited | exchange (cryptocurrency + digital token); broker (cryptocurrency + digital token) | th.upbit.com |
| WAANX | Waan Exchange Company Limited | exchange (cryptocurrency + digital token); broker (cryptocurrency + digital token) | waanx.com |
| Z.com EX | GMO-Z.com Cryptonomics (Thailand) Company Limited | exchange (cryptocurrency + digital token); broker (cryptocurrency + digital token) | ex.z.com |
In all, 32 companies hold 42 digital asset business licences from the SEC in Thailand; 9 hold more than one type of licence.
Sources
- SEC Thailand, licensed digital asset business operators market.sec.or.th