Gulf Binance launches full operations of digital asset exchange in Thailand
Gulf Binance Co., Ltd., the joint venture between Binance’s subsidiary and Gulf Innova Co. Ltd., is launching full operations of its digital asset exchange and brokerage platform in Thailand, Binance TH by Gulf Binance (“Binance TH”), making it accessible to the general public.
This launch follows the announcement that Gulf Binance secured digital asset operator licenses from Thailand’s Ministry of Finance in May 2023. Subsequently, it has received approval to operate as a digital asset exchange and broker in Thailand.
To provide digital asset exchange services, the Binance TH platform has implemented a dedicated orderbook designed for Thai baht (THB) trading pairs, enabling Thai users to seamlessly buy and sell digital assets with local currency pairing. By integrating its orderbook with Binance Kazakhstan, a regulated local digital asset exchange in Kazakhstan supervised by the Astana Financial Services Authority (AFSA), users will also be able to access the digital asset brokerage service through the Binance TH platform.
Nirun Fuwattananukul, CEO of Gulf Binance, commented:
“We are deeply humbled to finally announce the launch of our local platform to the general public in Thailand. Over the past year, we have been working closely with Thai regulators, putting substantial effort into detailed planning. As a result, Binance TH is now able to offer access to proven and secure technology, ensuring a reliable and intuitive platform for our Thai users. As we welcome them to our regulated platform, our unwavering commitment is to foster an atmosphere of trust and stimulate innovation within the local blockchain community.”
As a fully accredited platform authorized by Thailand’s Securities and Exchange Commission (SEC), Binance TH will serve as a beacon of innovation and development in Thailand’s crypto landscape.