Gulf Binance Co., Ltd., the joint venture between Binance subsidiary and Gulf Innova Co. Ltd., is launching the full operations of its digital asset exchange and brokerage platform in Thailand, Binance TH by Gulf Binance (“Binance TH”), making it accessible to the general public.
This launch follows the announcement that Gulf Binance secured digital asset operator licenses from the Ministry of Finance of Thailand in May 2023. Subsequently, it received approval to operate as a digital asset exchange and broker in Thailand.
To provide digital asset exchange services, the Binance TH platform has implemented a dedicated order book designed for Thai baht (THB) trading pairs, allowing Thai users to seamlessly buy and sell digital assets with a local currency pairing. By integrating its order book with Binance Kazakhstan, a regulated local digital asset exchange in Kazakhstan overseen by the Astana Financial Services Authority (AFSA), users will also be able to access digital asset brokerage through the platform Binance TH.
Nirun Fuwattananukul, CEO of Gulf Binance, commented:
“We are deeply humbled to finally announce the launch of our local platform to the general public in Thailand. Over the past year, we have been working closely with the Thai regulatory authorities, putting considerable effort into detailed planning. As a result, Binance TH is now able to offer access to proven and secure technology, ensuring a reliable and intuitive platform for our Thai users. As we welcome them to our controlled platform, our unwavering commitment is to foster an atmosphere of trust and stimulate innovation in the local blockchain community.”
As a fully accredited platform approved by the Securities and Exchange Commission of Thailand (SEC), Binance TH will serve as a beacon of innovation and growth in the Thai crypto landscape.