Bitkub

Our assessment

Bitkub is a national venue rather than a global one, and it is supervised accordingly. It is licensed by Thailand's Securities and Exchange Commission, files daily net capital reports with that regulator, and publishes a proof-of-reserve tracker. Its trading volume is small on a global scale, which the market-quality pillar records plainly.

Supervision, not just a licence

Most venues in this comparison can point to an authorisation. Very few can point to a continuing prudential reporting obligation. Daily net capital filings mean a regulator is looking at the balance sheet continuously rather than at licensing and renewal — a materially different relationship, and the strongest single fact in Bitkub's favour.

Reserves published, verification unclear

A proof-of-reserve tracker is published and updates regularly, and a June 2026 report was released. We could not establish whether a customer can verify their own balance cryptographically, so that indicator scores partial. For a venue with daily regulatory reporting the practical assurance is arguably higher than the cryptography suggests — but our rubric scores what it can check, consistently, for everyone.

Scale is the trade-off

Independent data puts 24-hour volume well below our 3,000 BTC threshold and the venue outside the top five of the trust ranking. That is what being a national exchange looks like measured on a global scale, and readers outside Thailand should weigh whether the depth suits their size. Most of its public pages also blocked automated verification.

Who it suits

Bitkub fits Thai users who want a locally supervised venue with baht rails and a regulator actively watching the books. Readers outside Thailand will find deeper markets and broader coverage elsewhere in this table, generally with weaker supervision.