Gulf Binance Launches Digital Asset Exchange in Thailand

Gulf Binance Co., Ltd., a partnership between Binance and Gulf Innova Co. Ltd., is now operating its digital asset exchange and brokerage platform in Thailand, known as Binance TH by Gulf Binance (“Binance TH”). This platform is open to everyone who wants to use it.

In May 2023, Gulf Binance received digital asset operator licenses from Thailand's Ministry of Finance. This allowed them to become a digital asset exchange and broker in Thailand.

To help people in Thailand buy and sell digital assets, Binance TH has set up a special order book for Thai baht (THB) trading pairs. This means that people in Thailand can easily trade digital assets using their local currency. They have also connected their order book with Binance Kazakhstan, which is a regulated digital asset exchange in Kazakhstan supervised by the Astana Financial Services Authority (AFSA). This connection allows users to access digital asset brokerage services through the Binance TH platform.

Nirun Fuwattananukul, CEO of Gulf Binance, said, “We are very happy to announce the launch of our platform for everyone in Thailand. We have been working closely with Thai regulators for the past year and have put in a lot of effort to plan everything carefully. Now, Binance TH can provide a secure and user-friendly platform for Thai users. Our goal is to create trust and encourage innovation in the local blockchain community as we welcome users to our regulated platform.”

Binance TH is fully authorized by Thailand's Securities and Exchange Commission (SEC), which means it meets all the requirements to operate as a secure and trustworthy platform. It will play a significant role in developing the cryptocurrency landscape in Thailand.

In conclusion, Gulf Binance's Binance TH platform is now available to the general public in Thailand, offering a safe and reliable way for people to trade digital assets using Thai baht. This is an important step in the growth of the cryptocurrency market in Thailand, and Binance TH aims to foster trust and innovation in the local blockchain community.