Binance Thailand Launches Crypto Exchange Services
Binance Thailand, also known as Binance TH, has officially opened its cryptocurrency exchange services to the public. The exchange is a joint venture between Binance and Gulf Innova, operating under the name Gulf Binance. It serves as an exchange and brokerage platform, allowing users to trade digital assets using Thai baht trading pairs. Binance TH has integrated with local Thai banks and partnered with Binance Kazakhstan for brokerage services. The joint venture obtained a license from Thailand’s Ministry of Finance to operate as a digital asset operator and has worked closely with Thai regulators to ensure compliance with the Thai Securities and Exchange Commission (SEC).
Positive Response from Gulf Binance
Gulf Binance, the partnership between Binance and Gulf Innova, expressed its excitement and gratitude for the launch of Binance TH. CEO Nirun Fawattananukal stated that the team has put substantial effort into planning the launch and working closely with Thai regulators. The joint venture previously announced its intention to establish the Thai-based exchange and received a license from the Thai SEC. The newly appointed CEO of Binance, Richard Teng, highlighted their commitment to security, transparency, and service quality. He sees this launch as a strategic step that positions Thailand as a significant player in the global digital finance industry.
Hot Take: Binance TH Expands Crypto Reach in Thailand
Binance Thailand’s opening of its crypto exchange services marks a significant milestone in expanding the availability and accessibility of digital assets in the country. With the integration of local Thai banks and adherence to regulatory standards, Binance TH aims to provide a secure and compliant platform for users to trade cryptocurrencies using Thai baht. This move also sets the stage for Thailand to play a prominent role in the global digital finance landscape. The partnership between Binance and Gulf Innova demonstrates the growing interest and investment in the cryptocurrency industry, paving the way for further innovation and adoption in the Thai market.
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