An upcoming exchange token, KUB, is used at Bitkub, the prevailing cryptocurrency trade in Thailand. At press time, KUB is priced at $2.17 and has gained a meager 0.44% in a day, which shows that there is still continued engagement with its ecosystem.

Currently, Bitkub Coin has ranked number 285 of the total cryptocurrencies based on the market capitalization that was valued at $149.50 million. It appears that SEMICONFO is still in its growth phase, which has proven to be a valuable part of the competitive Southeast Asian crypto market. The idea of creating a trading platform that is easy to use in order to trade in Thailand and beyond has proved well popular with clients and institutions.

Something that I believe that Bitkub possesses a competitive advantage in, is that the company is well established in the Thai cryptocurrency market. Bitkub being among the biggest exchanges in the country has taken advantage of its early entry in the market and gained popularity among users. KUB token is the native currency of this platform and has privileges associated with it such as low trading fees, and access to additional functionality.

Through the project, trading activity has been boosted and registered a 24-hour volume of $653,440 and increased by 16.35 % . The observed increase in volume may suggest further market interest, and therefore the development of better liquidity for the KUB token in the future. Based on the ratio of volume to the market capitalization of 0.4370%, it can be concluded that the turnover is average in the frame of the project.

Bitkub Coin has a fixed number of circulation, with the total token being 1,000,000,000 KUB, with 110,000,000 already minted and 68,974,565 KUB in circulation. This mechanism of controlled supply is beneficial in keeping the token price constant and stable so that the token should not be inflated. Taking into consideration the fact that the circulating supply remains far below the maximum supply, there can be multiple token releases in the future needed to fund further expansion or growth of the ecosystem.

The platform’s focus on compliance has remained an essential driver of the platform’s success across Thailand and holds vast potential for expansion across the rest of Southeast Asia. Unlike other companies in the region that have had to shut down after failing to get a working license, Bitkub has been keen on engaging with the regulators and this has pulled the understanding of users and potential partners towards the company.

Based on the increasing development of the cryptocurrency market in Southeast Asia, localized solutions like the one proposed by Bitkub will likely grow in significance. Their capacity to connect the physical financial market with the decentralized market puts the platform in a advantageous place to offer its services within the emerging market for crypto in the area.

But, like any other crypto coins, there are chances and risks with Bitkub Coin as well. An enormous amount of competition prevails in the exchange industry, and this fact serves as the rationale for the continual enhancement of the project. I also considered regulatory policies of the platform in Thailand and potentials shifts in potential expansion markets as factors that influence the evolution path of the platform.

Prospects for the future of Bitkub seem to include the integral need for the platform to increase the number of users, debut new features, and possiblybranch out further into other countries within the Southeast Asia region. As more people in the region try to gain access to cryptocurrencies, those platforms that can provide a safe, legal, and convenient trading environment might enjoy a major edge.

The next few months will determine Bitkub’s next step, which is to strengthen its standing in Thailand while aiming to enter into new markets within the region. Thus, the increase in the market capitalization and the trading volume indicates that the project’s growth path is rather upward. Again, the same as with any other investment related to cryptocurrencies, the potential investors are advised to do their homework and to take into account the possible risks.