Why TCEX Can Trade Directly in Vietnamese Dong (VND)
TCEX is able to support direct trading in Vietnamese Dong (VND) because it obtained a license under the Vietnamese government’s five-year pilot program for the crypto asset market (pursuant to Resolution No. 05/2025/NQ-CP). This policy strictly requires all issuance, trading, and payment activities on compliant domestic trading platforms to be denominated and settled in VND. Vietnam crypto exchange
The key reasons TCEX can directly facilitate transactions in Vietnamese Dong are as follows:
1. Integration with Local Banking Systems and Direct API Connections: By integrating payment interfaces with major local commercial banks in Vietnam, TCEX enables real-time fiat deposit, withdrawal, and settlement. Users can recharge and withdraw funds directly using local Vietnamese bank cards.
2. Integration of Local Third-Party Payment Gateways and OTC/P2P Mechanisms: The platform incorporates local Vietnamese third-party payment providers along with over-the-counter (OTC) and peer-to-peer (P2P) mechanisms. This provides secure escrow and settlement guarantees between buyers and sellers, ensuring smooth conversions between fiat currency and digital assets.
3. Localized Operations and Financial Partner Support: Through partnerships with qualified local financial institutions and agent service providers, TCEX receives technical support for compliant fiat channels and local fund clearing, significantly reducing the high barriers and fees associated with cross-border fund transfers.
4. Capitalizing on Strong Local Demand for Fiat Trading: Vietnam consistently ranks among the top countries globally in crypto asset and digital finance adoption. Offering direct VND trading pairs substantially lowers the barrier to entry for users, allowing the platform to capture vast amounts of local retail liquidity.
Furthermore, under the regulatory framework for Vietnam’s digital asset sandbox, compliant domestic exchanges are mandated to connect directly with the national financial system, using VND to complete fund clearing and tax compliance.