The joint venture cryptocurrency exchange Binance Thailand, a product of Gulf Energy Development, and Binance, has announced that it is now available for trading.
“We are incredibly humbled to finally inform the Thai audience about the debut of our local platform. Gulf Binance CEO Nirun Fuwattananukul said in a statement, “We have been working closely with Thai regulators over the past year and putting substantial effort into detailed planning.”
According to an announcement from the firm, Binance TH provides digital asset exchange services with Thai baht trading pairs, interacts with Thai banks, and partners with Binance Kazakhstan to provide brokerage services under Thailand’s SEC’s regulation.
We will maintain our steadfast dedication to security, transparency, and high-quality service when our Thai joint venture fully launches Binance TH to the Thai public. Digital assets and blockchain technology have the potential to promote financial inclusion, according to a statement by Binance CEO Richard Teng. “This is a strategic move that will pave the way for Thailand to become a major player in the global digital finance landscape in the near future.”
Although, it was previously reported that the exchange obtained a licence from Thailand’s Ministry of Finance to operate as a regulated cryptocurrency exchange and broker