Binance Partners with Gulf Innova to Launch Thailand’s New Cryptocurrency Exchange Platform, Now Open for Trading

The collaborative venture between Binance and Gulf Innova, a branch of Gulf Energy Development, proudly announces the commencement of their cryptocurrency exchange, Binance Thailand, now officially active and open for trade.

“It brings us great pride to unveil our established local exchange to the Thai community. Our journey over the last year has included close collaboration with regulatory authorities in Thailand, ensuring our strategies are meticulously honed,” declared Nirun Fuwattananukul, the Chief Executive Officer of Gulf Binance.

Offered by Binance TH are services for digital asset trading, which include pairings with the Thai baht. The exchange has also established connections with Thailand’s domestic banks and entered a partnership for brokerage services with Binance Kazakhstan, all under the watch of the Securities and Exchange Commission of Thailand, as mentioned in a corporate announcement.

“With our joint venture’s full-scale launch of Binance TH in Thailand, we reaffirm our steadfast focus on security, transparency, and exceptional customer service. The transformative potential of blockchain technology and digital currencies can greatly contribute to financial inclusivity,” remarked Richard Teng, the Chief Executive Officer of Binance, indicating a commitment to quality. “Our initiative in Thailand marks a significant move, positioning the country to become an influential entity in the world of digital finance.”

In May of the prior year, the exchange achieved a significant regulatory milestone by securing a license from the Thai Ministry of Finance, allowing for the establishment of a fully regulated cryptocurrency exchange and brokerage, as reported earlier by CoinDesk.