What is SCEX? Is SCEX legitimate?
The cryptocurrency market in Vietnam is entering a pilot phase with a clearer legal framework following Resolution 05/2025/NQ-CP. In this context, SCEX has attracted attention by announcing that it has passed the first evaluation round in the process of applying for a license to provide cryptocurrency trading market organization services.
SCEX, fully known as Sacom Cryptocurrency Exchange Joint Stock Company, formerly LPEX, is positioning itself as a cryptocurrency trading platform for Vietnamese users. The platform focuses on local factors such as trading in VND, bank deposits/withdrawals, eKYC, asset custody, portfolio management, and tax reporting support. Let’s explore this cryptocurrency exchange in detail through the article below.
What is SCEX? Sacom Cryptocurrency Exchange and the ambition to build domestic trading infrastructure.
What is SCEX?
SCEX, fully known as “Sacom Cryptocurrency Exchange Joint Stock Company” (formerly known as Lộc Phát Vietnam Cryptocurrency Exchange Joint Stock Company – LPEX). The company was established on September 30, 2025, subsequently increasing its charter capital from 6.8 billion VND to 360 billion VND and changing its name to SCEX in 2026.
Homepage of SCEX
Unlike international exchanges that often focus on global liquidity and trading pairs with stablecoins, SCEX builds a cryptocurrency exchange model serving the Vietnamese market. The platform’s focus is to allow users to trade digital assets with Vietnamese Dong (VND), connect with the domestic banking system, and operate within the framework of local legal compliance.
In addition to its role as a trading platform, SCEX also establishes supporting product layers such as cryptocurrency custody, electronic identity verification, portfolio management, transaction reporting, and aims to expand into tokenized real assets. These factors indicate that SCEX not only wants to play the role of a trading application but also aims towards the infrastructure layer connecting cryptocurrency assets, Vietnamese users, and the traditional financial system.