Regional licensed exchanges, Bitkub Exchange, Coins.ph, Indodax, and Coinhako proudly announce the inauguration of the Digital Asset Exchange Alliance – a strategic partnership that represents a significant step forward in unifying licensed exchanges within the region to better serve the rapidly growing cryptocurrency ecosystem.

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Despite major industry events, the blockchain space continues to evolve, with a growing emphasis on regulatory compliance and joint commitment to providing secure and trustworthy platforms. Entities such as Coinhako, Coins.ph, Indodax, and Bitkub Exchange have distinguished themselves by announcing great emphasis on security and trust through obtaining licenses from their respective regulatory bodies.

Bringing together these leading exchanges, this association will embark on a collective mission to promote and advance the adoption of digital assets while adhering to the highest industry standards.

Key Highlights of the Alliance:

Strengthened Regulatory Advocacy: The alliance leverages the combined regulatory expertise and insights of the four licensed exchanges to engage with regional regulatory authorities. By working together, the exchanges aim to foster a conducive regulatory environment that promotes innovation and safeguards the interests of users.

Sharing of Protocols and Best Practices: Collaboration in sharing best practices, industry insights, and security protocols. This knowledge exchange aims to elevate the quality of services and security measures provided by each exchange, reinforcing user trust.

Market Access: This partnership creates a bridge for projects, creators, and users across Southeast Asia, enabling them to access a wider range of digital assets while benefiting from the credibility and safety of licensed exchanges.

Educational Initiatives: As the crypto industry is relatively nascent, the alliance is committed to educating users about the benefits of trading on licensed exchanges and the importance of following regulatory guidelines. This commitment extends to promoting financial literacy and responsible trading practices in the crypto space.

Atthakrit Chimplapibul, CEO of Bitkub Online Co., Ltd.: “Bitkub is committed to providing a secure and compliant trading platform for our users. This alliance is a significant step toward ensuring that the cryptocurrency industry in our region continues to evolve responsibly. By working closely, we can create a significant impact on shaping the regulatory framework and fostering trust.”

Yusho Liu, CEO of Coinhako: “This alliance is a significant milestone for Coinhako and the entire cryptocurrency industry. We believe that licensed exchanges have a vital role to play in fostering trust and growth in the crypto space. By collaborating with Coins.ph, Indodax, and Bitkub, we are taking a monumental step towards building a safer and more transparent ecosystem for users in the region.”

Wei Zhou, CEO of Coins.ph: “Coins.ph is excited to work with our regional counterparts in advancing the responsible and secure use of cryptocurrencies. We believe that the combined efforts of this alliance will contribute to building a stronger, more resilient crypto ecosystem in Southeast Asia.”

William Susanto CEO of Indodax: “We are thrilled to be a part of this initiative and we look forward to sharing our experiences in navigating the regulatory landscape in Indonesia. Together with  Bitkub, Coinhako, and Coins.ph, we aim to create a collaborative network of licensed exchanges that sets the industry standard for compliance and user safety.”

The partnership among Bitkub Exchange, Coinhako, Coins.ph, and Indodax underscores the significance of licensed exchanges within the cryptocurrency sector.  By combining their strengths, expertise, and commitment to regulatory compliance, these exchanges are well-positioned to take the lead in shaping the future for the adoption of cryptocurrencies in Southeast Asia.