Binance Thailand has announced that its crypto exchange is now officially open for trading on January 16, 2024.
This newly opened crypto exchange in Thailand is a platform providing digital asset exchange (THB pairing) and brokerage (Crypto pairing) services by a licensed entity named, Gulf Binance Co., Ltd. It isa joint venture between Gulf Innova Co., Ltd, an affiliate of Gulf Energy Development Public Company Limited (SET: GULF), and Binance Capital Management Co., Ltd., an affiliate of Binance group.
Binance Thailand has obtained the licenses to operate the digital asset exchange and brokerage services from the Ministry of Finance of Thailand in May 2023 and under the supervision of the Office of Securities and Exchange Commission.
It is the latest crypto exchange to be launched in the Southeast Asia region, where other providers like Coinbase, Zipmex, Gemini have established bases in recent years.