KULAP

What KULAP does

KULAP, operated by Thailand-registered Satoshi Co., Ltd. (บริษัท ซาโตชิ จำกัด), is a cryptocurrency trading platform built on the Ethereum blockchain that combines a decentralized exchange (DEX) aggregator with a regulated fiat-to-crypto on-ramp. Its core product, Kulap Swap, routes crypto-to-crypto trades across multiple DEXs using a Best Rate Protocol algorithm, Split Trade optimization, and Multi-Route comparisons to deliver optimal pricing across 150+ tokens under ETH, ERC20, and ERC223 standards. Its second product, Kulap+, launched in 2022, lets Thai users buy cryptocurrency directly with Thai Baht through a simplified purchase flow that does not require users to already hold crypto.

The company generates revenue primarily through transaction-based fees: a 2.95% platform fee on Kulap+ fiat-to-crypto transactions, while the 0.25% Kulap Swap trading fee is currently waived for end users (with separate network/gas fees paid to miners/validators). Distribution is product-led and self-serve, with two web-based entry points (swap.kulap.io and app.kulap.io) supplemented by community marketing through Thai blockchain events, university programs (notably an MOU with Rangsit University), and a Best Rate API available to DApp developer partners.

KULAP holds a Digital Asset Broker license issued by the Thailand SEC and Ministry of Finance on May 8, 2020, making it one of a small set of formally authorized digital asset operators in the Thai market. The company is privately held and founder-led, with Palagorn Yodchanyan serving as director and primary shareholder alongside co-founder/CEO and CTO/CPO leadership; it has not disclosed institutional funding rounds. Its geographic focus is concentrated on Thailand, with no evidence of active operations in other jurisdictions despite occasional Southeast Asian event participation.

Name

KULAP

Legal name

Satoshi Co., Ltd. (บริษัท ซาโตชิ จำกัด)

Website

https://kulap.io

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

KULAP is a Thailand-licensed cryptocurrency trading platform combining a DEX aggregator (Kulap Swap) that routes crypto-to-crypto trades across multiple DEXs for best pricing with a regulated fiat-to-crypto on-ramp (Kulap+) serving Thai Baht users.

Ownership category

akta.pro rank

Product category

Cryptocurrency Exchange

NAICS

Securities and Commodity Exchanges (523210), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro industry

PRIMARYFSADAAAA

Spot Crypto Exchanges (Order-Book & Matching Engine)

Financial & Insurance/Crypto & Digital Assets/Centralized Crypto Exchanges (CEX) & Brokerages

Keywords

• Decentralized exchange aggregator
• Crypto swap platform
• Fiat to crypto on-ramp
• Best rate protocol
• Digital asset brokerage

Headquarters

HQ city

Chatuchak

HQ country

Thailand

HQ region

Asia

Offices2 records

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Kulap Swap Trading Fees: Trade fee of 0.25% of transaction value for crypto-to-crypto swaps. Company waives this fee for customers. Transaction fees (network/gas fees) are paid to miners/validators separately.
2. Kulap+ Platform Fees: 2.95% platform fee on all fiat-to-crypto transactions through Kulap+ plus additional blockchain network fees.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

KULAP is a Thailand SEC-licensed digital asset broker that operates a decentralized exchange aggregator (KULAP Swap) for crypto-to-crypto trades across multiple DEXs using a proprietary Best Rate Protocol, and a fiat-to-crypto on-ramp (KULAP+) that enables Thai Baht purchases of cryptocurrency. The platform supports trading of more than 150 tokens under ETH, ERC20, and ERC223 standards, with split-trade and multi-route optimization, and exposes its best-rate logic as an API for partner DApps.

Product overview

KULAP operates as a two-pronged cryptocurrency exchange platform. The core offerings consist of Kulap Swap, a decentralized exchange aggregator that finds optimal trading rates across multiple DEXs for crypto-to-crypto trades, and Kulap+, a fiat-to-crypto on-ramp specifically for Thai Baht purchases. Both products are designed to provide best price discovery and operate under Thailand SEC supervision as a licensed digital asset broker.

Differentiator

Problem solved

Functional benefit

Brands

• KULAP Swap: Decentralized exchange aggregator that scans multiple DEXs to find the best available rate for crypto-to-crypto trades. Supports trading across 150+ tokens under ETH, ERC20, and ERC223 standards.
• KULAP+

Products and services

• KULAP Swap KULAP Swap is a decentralized exchange aggregator that scans multiple decentralized exchanges (DEXs) to find the best available rate for every crypto-to-crypto trade. It supports exchange of more than 150 tokens under ETH, ERC20 and ERC223 standards and uses split-trade and multi-route optimization across DEXs. The 0.25% trade fee is waived for customers; only network/gas fees paid to miners/validators apply.
• KULAP+ KULAP+ is a fiat-to-crypto on-ramp that allows users to buy cryptocurrency directly with Thai Baht without needing to hold cryptocurrency beforehand. It provides a simplified purchase flow for first-time crypto buyers and charges a 2.95% platform fee per transaction plus applicable blockchain network fees.
• KULAP Best Rate API The KULAP Best Rate API exposes KULAP's proprietary best-price protocol to business partners and developers who want to develop Decentralized Applications (DApps) that incorporate best-rate exchange functionality. It allows external applications to integrate the same rate-discovery and routing logic that powers KULAP Swap.

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Rangsit UniversityminorStrategic or Co-development PartnerMOU signing ceremony held for collaboration, likely in blockchain education or research initiatives.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Emerging players

• KyberSwap: KyberSwap is a multi-chain DEX aggregator and liquidity hub that aggregates rates across DEXs. It directly competes with KULAP Swap's best-rate aggregation model across multiple chains and tokens.
• Changelly: Changelly is a crypto-to-crypto and fiat-to-crypto instant exchange service with a partner network. It overlaps with KULAP Swap's exchange-aggregation model and KULAP+'s fiat-to-crypto onboarding use case at a global level.

Direct peers

• 1inch: 1inch is the largest DEX aggregator, sourcing liquidity from multiple DEXs to find the best swap rates — the exact model KULAP's Kulap Swap replicates. It is the most direct global comparable for KULAP's core aggregator technology.
• Matcha (0x): Matcha is a DEX aggregator built on 0x protocol that aggregates liquidity across decentralized exchanges to provide best-price swaps. It directly competes with KULAP Swap for crypto-to-crypto best-rate trades.
• ParaSwap: ParaSwap is a DEX aggregator that routes trades across multiple DEXs and liquidity sources for optimal execution. Comparable to KULAP's best-rate and multi-route trading algorithms.
• CowSwap: CowSwap (Gnosis product) is a DEX aggregator with batch auctions and MEV protection that routes trades across on-chain liquidity. It targets the same best-execution use case as KULAP Swap.

Regional players

• Bitkub: Bitkub is Thailand's largest licensed crypto exchange. It is a Thai-market comparable for KULAP, particularly Kulap+, and competes for the same Thai retail fiat-to-crypto users with a broader product set (buy, sell, trading).
• Satang Pro: Satang Pro is a Thai-licensed digital asset exchange offering THB-to-crypto trading. It is a direct regional competitor to KULAP+ for fiat-to-crypto users in Thailand.
• Zipmex: Zipmex is a Southeast Asia-focused digital asset platform serving Thailand, Indonesia, Singapore, and Australia. It is a comparable regional exchange peer in adjacent SEA geographies.

Broad incumbents

• Binance Thailand: Binance Thailand is the local entity of global incumbent Binance, serving Thai crypto users with spot trading and fiat on-ramps. It is a broad competitor to both KULAP Swap and KULAP+ in the Thai market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/kulapofficial
• YouTubeyoutube.com/channel/UCqiqZkXbAM8528Zs0de_frw
• Facebookfacebook.com/KULAP.io
• LinkedInlinkedin.com/company/kulap/?viewAsMember=true
• Instagraminstagram.com/kulap.io/?hl=th

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about KULAP