Binance to Launch Thai Exchange

May 26, 2023

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Binance to Launch Thai Exchange

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Key Point

The new exchange will be launched by Q4 of 2023

Hello ParadiseClub members; here we are again with another fact-based report from the world’s largest cryptocurrency exchange; this time, it is the expansion to Thailand.

According to the Friday blog post by Binance, Gulf Binance, a joint venture between Gulf Innova Co., Ltd, and Binance Exchange, has secured regulatory approval from Thailand’s finance ministry.

By the approval, as mentioned earlier, Binance Gulf will henceforth provide digital assets services to the people of Thailand and is scheduled to be launched by the fourth quarter of 2023.

Richard Teng, Binance’s Head of Asia, Europe, and MENA, said: “We are grateful and honored to be granted digital asset operator licenses for Gulf Binance in Thailand – a country with a thriving crypto space that has demonstrated strong commitment in embracing blockchain technology.”

Gulf Binance is a joint venture that gathers Binance’s experts in virtual assets purposely to foster growth, drive innovation, and ensure that Thai residents get the best of values in the digital assets space.

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