Alex Omenye
Binance said on Tuesday that it has made its bitcoin exchange available for trade in Thailand.
According to a release, Gulf Binance is a joint venture between Binance and Gulf Innova of Thailand.
It will function as an exchange and brokerage platform that lets customers buy and sell digital assets using local currency pairings.
Gulf Binance was authorized to provide digital asset exchange services after receiving a license to operate from Thailand’s finance ministry in May 2023.
“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 Thai regulators, putting substantial effort into detailed planning,” Nirun Fuwattananukul, CEO of Gulf Binance, said in a statement.
In Southeast Asia, where companies like Coinbase, Zipmex, and Gemini have established operations, this is the newest cryptocurrency exchange to be introduced.
