Binance and Gulf Innova Launch Crypto Exchange in Thailand

The joint venture, Gulf Binance, has commenced full operations after obtaining necessary licenses from Thailand’s Ministry of Finance.

Gulf Binance, a joint venture between Binance and Thailand’s Gulf Innova, has launched crypto exchange services to the general public in Thailand.
The launch comes after the company obtained crypto asset exchange and brokerage operator licenses from Thailand’s Ministry of Finance in May 2023.
Binance TH, the platform launched by the joint venture, allows Thai users to buy and sell crypto with local currency pairing.
Binance TH has integrated its orderbook with Binance Kazakhstan, an exchange in Kazakhstan regulated by the Astana Financial Services Authority.
The launch of Binance TH is seen as a strategic step forward, setting the stage for Thailand’s impending role as a key player in the global digital finance landscape.