Gulf Binance Co., Ltd. (“Gulf Binance”), a subsidiary of Binance Capital Management Co., Ltd. and Gulf Innova Co. Ltd., has officially launched its digital asset trading and brokerage platform in Thailand under the name Binance TH by Gulf Binance (“Binance TH”), open to the public.
Gulf Binance is a joint venture between Binance Capital Management Co., Ltd. and Gulf Innova Co. Ltd., and has obtained the digital asset exchange and brokerage operation license issued by the Ministry of Finance of Thailand in May 2023. Subsequently, it has been granted approval to operate as a digital asset exchange and digital asset brokerage in Thailand.
In order to provide digital asset trading services, the Binance TH platform has adopted an order book designed specifically for Thai Baht (THB) trading pairs, allowing Thai users to seamlessly buy and sell digital assets using their local currency. Additionally, through seamless integration with Thailand’s domestic banking system, Thai users can instantly deposit and withdraw THB directly to and from their Binance TH accounts.
To facilitate digital asset brokerage services, Binance TH has integrated its order book with Binance Kazakhstan, a local digital asset exchange regulated by the Astana Financial Services Authority (AFSA) in Kazakhstan. Therefore, as a platform authorized and fully recognized by the Securities and Exchange Commission (SEC) of Thailand, Binance TH will become a symbol of innovation and development in the Thai crypto field.
Nirun Fuwattananukul, CEO of Gulf Binance, stated:
“Aligned with Thailand’s fourth economic development plan, ‘Thailand 4.0,’ which aims to promote digitization and innovation, Gulf Binance is committed to building a future where blockchain technology and digital assets play a core driving force for Thailand’s economic development. By combining Binance’s expertise in blockchain with Gulf Group’s vast resource network in Thailand, Binance TH will provide Thai users with a localized and compliant digital asset trading platform that meets their needs.”
Richard Teng, CEO of Binance, expressed:
“This official content provided does not represent the position or investment advice of our platform. Readers must conduct their own careful evaluation.”
