News View Non-AMP

Binance Opens Doors to Thailand’s Crypto Market with New Exchange Launch

Published by
Elena R

Collaborations within the crypto world are always as good news! The latest exciting update is in – Binance and Thailand’s Gulf Innova, Gulf Binance has officially launched its cryptocurrency exchange services in Thailand. This joint venture, backed by Binance Capital Management and Gulf Energy Development, represents a significant advancement in the digital finance sector.

How will users benefit? Read on to discover!

Binance Makes its Mark!

After securing licenses from Thailand’s Ministry of Finance in May 2023, Gulf Binance conducted an exclusive invite-only test in November. Now, the platform is open to the public, introducing the Binance TH platform. This platform enables Thai users to easily engage in cryptocurrency trading, offering a variety of local currency pairs.

Gulf Binance has taken an innovative step by integrating its order book with Binance Kazakhstan. This strategic move aims to enhance the platform’s cryptocurrency brokerage services, providing users with a more robust and efficient trading experience.

A Large, Collaborative Vision

Partnering with Thai billionaire Sarath Ratanavadi’s Gulf Energy, Binance aims to leverage Gulf’s extensive network within Thailand.

The goal is to establish a localized digital asset trading platform that adheres to the state’s rules and regulations, reshaping the digital finance landscape in the region.

Read More Here: Cryptocurrency Regulations in Thailand

CEO Speaks

Richard Teng, Binance’s CEO, expressed the platform’s commitment to security, transparency, and service quality in the joint venture with Gulf Operations. Teng highlighted the transformative potential of blockchain technology and digital assets.

“This is a strategic step forward, setting the stage for Thailand’s impending role as a key player in the global digital finance landscape.”

Additionally, Nirun Fuwattananukul, CEO of Gulf Binance, emphasized the collaboration’s dedication to working closely with Thai regulators. The aim is to ensure a secure and intuitive platform for users. This expansion aligns with Binance’s ongoing efforts to establish a global presence while adhering to regional regulatory frameworks.

So, what do you think? Is Binance TH poised to shake up Thailand’s crypto scene? 

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

Recent Posts

Ethereum Price Eyes $5K as Short Squeeze Looms: Analysts Predict Major Breakout

As the Ethereum price approaches Q3, it has shown a notable 3% increase, surpassing the…

June 30, 2025

SEI Price Prediction 2025, 2026 – 2030: Will Sei Price Record A 2X Rally?

Story Highlights The SEI live Price is . Sei price could reach a high of…

June 30, 2025

Crypto Scam Network Exposed in Spain with Over 5,000 Victims

On June 25, Europol announced a major breakthrough as Spanish Guardia Civil, with support from…

June 30, 2025

Best Coin to Buy in July 2025, One DeFi Token Got a CertiK Audit and Is Ready to 3x

With July approaching fast, investors looking for the next breakout token are starting to shift…

June 30, 2025

Cardano Isn’t Dead — Here’s Why ADA Could Make a Strong Comeback

For a long time, Cardano has been called many things—slow, quiet, even forgotten, but one…

June 30, 2025

JasmyCoin (JASMY) Price Poised for a 1,950% Surge – Says Analyst

Billed as Japan's Bitcoin, JasmyCoin (JASMY) is gaining attention this week as its utility token…

June 30, 2025