Breaking: Binance TH Commences Crypto Exchange Operations In Thailand

On Tuesday, Binance, the world’s leading crypto exchange, announced the inauguration of its Thailand wing. The newly established exchange, Binance TH is established by Gulf Binance, which is a collaborative effort between Binance and Gulf Innova from Thailand. It will functioning both as an exchange and brokerage platform.

Binance TH Makes Grand Debut In Thailand

Binance TH aims at facilitating the seamless buying and selling of digital assets, featuring local currency pairings, as outlined in their official statement. In a recent post on X, Binance wrote, “Binance TH by Gulf Binance, licensed by Thailand’s Ministry of Finance and regulated by Thailand SEC, is now accessible to all eligible users.”

Earlier, Gulf Binance attained operational approval from Thailand’s Finance Ministry in May 2023. Subsequently, it received the Thailand SEC green light to offer comprehensive digital asset exchange services in the region. The launch of Binance TH adds another noteworthy chapter to Southeast Asia’s dynamic crypto landscape.

Joining the listicle of established firms like Coinbase, Zipmex, and Gemini, the exchange contributes to the expanding presence of cryptocurrency platforms in the region. This influx underscores the growing importance of Southeast Asia as a hub for digital asset trading and innovation.

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