Binance Launches Crypto Trading in Thailand: A New Era Begins

• Binance Thailand Launches Trading Services in Partnership with Gulf Innova
• Binance TH: Offering Digital Asset Exchange Services with Local Integration
• A Commitment to Security, Transparency, and Quality
• Official Approval and Previous Announcements

Binance Thailand Launches Trading Services in Partnership with Gulf Innova

Following a joint venture between Binance and Gulf Innova$0.018 -71.70%, a branch of Gulf Energy Development, it has been confirmed that the crypto exchange, Binance Thailand, is now available for trading. Gulf Binance CEO, Nirun Fuwattananukul, shared the news of the local platform's launch, expressing gratitude and sharing insight into the intricate planning process that spanned over a year, involving close collaboration with Thai regulators.

Binance TH: Offering Digital Asset Exchange Services with Local Integration

Binance TH, as part of its services, offers digital asset exchange services, and includes Thai baht trading pairs. The exchange integrates with domestic banks in Thailand and has also established a partnership with Binance Kazakhstan for brokerage services. All operations are conducted under the supervision of Thailand's SEC, as confirmed in a company release.

A Commitment to Security, Transparency, and Quality

Binance CEO, Richard Teng, made a commitment, in a separate release, to uphold the company's unshakeable dedication to ensuring security, transparency, and the highest quality of service. He emphasized the potential of blockchain technology and digital assets to promote financial inclusion. Teng views the opening of Binance TH as a strategic advancement, positioning Thailand potentially as a key contributor in the worldwide digital finance landscape.

Official Approval and Previous Announcements

As previously reported from the source, Binance received a license from Thailand's Ministry of Finance in May of the previous year to set up a regulated crypto exchange and broker. The announcement of the joint venture was first made public in January 2022.

Edited by Jonathan Stoker