Which exchange is most likely to launch first?

CAEX with 80% confidence. Its capital of 10,000 billion VND is secured, backed by OKX expertise, and licensing is expected in June 2026. Upbit-MB is the #2 frontrunner but could be 1-2 months behind CAEX.

Can I register for multiple pilot exchanges?

Yes. It is highly recommended — diversification reduces risk. Each exchange requires separate KYC, but most documents can be reused.

Which pilot exchange is best for beginners?

CAEX and TCEX are best for beginners — strong banking integration, high brand trust, simple products. Upbit-MB is better for those familiar with crypto seeking richer product offerings.

Should I wait for pilot exchanges to launch before starting crypto?

No. The crypto market moves regardless of pilot exchange timelines. Start immediately with Binance to gain experience and build a position. Migrate appropriate portions when pilot exchanges launch.

What advantages do Korean partnerships have over domestic exchanges?

Higher crypto expertise (Upbit/Bithumb with 12+ years of exchange operation vs. domestic banks with months to years of experience). Richer product offerings. However, Vietnam-specific compliance remains a challenge for Korean partnerships.

Vietnam Pilot Exchange Landscape May 2026: 7 Contenders…

Vietnam Pilot Exchange Landscape May 2026: 7 Contenders Racing for Licenses, Latest Update

Cập nhật: 14 tháng 5, 2026

May 2026 marks the most intense phase of Vietnam's pilot exchange race. The Ministry of Finance is expected to issue the first pilot exchange license in June 2026 — just 4-6 weeks away. There are currently 7 main contenders (5 shortlisted domestic exchanges + 2 Korean partnerships in progress). This article provides the latest May 2026 landscape overview, analyzes each competitor, predicts the launch order, and recommends strategies for Vietnamese investors during this decisive period.