Binance Gulf Opens Binance TH to All Eligible Users

Binance Gulf Opens Binance TH to All Eligible Users

Binance Gulf Opens Binance TH to All Eligible Users

Gulf Binance Co., Ltd. (“Gulf Binance”), a digital asset trading and brokerage platform under Gulf Binance, has officially launched its operations in Thailand under the name Binance TH by Gulf Binance (“Binance TH”), opening its doors to the public.

Gulf Binance is a joint venture between Binance Capital Management Co., Ltd., a wholly-owned subsidiary of Binance, and Gulf Innova Co. Ltd. In May 2023, it obtained the digital asset exchange and brokerage operating license issued by the Ministry of Finance of Thailand. Subsequently, it was approved to operate as a digital asset exchange and digital asset broker in Thailand.

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. In addition, through seamless integration with the domestic banking system in Thailand, Thai users can instantly deposit and withdraw THB directly into and from their Binance TH accounts.

To realize 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 by the Securities and Exchange Commission (SEC) of Thailand and fully recognized, Binance TH will become a symbol of innovation and development in the Thai crypto field.

Nirun Fuwattananukul, CEO of Gulf Binance, said:

“Aligned with the goals of Thailand 4.0, the country’s fourth economic development plan, which promotes digitization and innovation, Gulf Binance is committed to creating a future where blockchain technology and digital assets play a core driving force in Thailand’s economic development. By combining Binance’s expertise in blockchain with Gulf Group’s extensive resource network in Thailand, Binance TH will provide Thai users with a localized and compliant digital asset trading platform to meet their needs.”

Richard Teng, CEO of Binance, stated:

“This official content provided does not represent the position of this site or investment advice. Readers must conduct their own careful evaluation.”