Binance Thailand Opens Crypto Trade for Exchanging

Binance Thailand has opened its digital currency trade in Thailand for exchanging, the organization said on Tuesday.

According to a statement, the exchange known as Gulf Binance is a joint venture between Binance and Gulf Innova, a company based in Thailand. It will serve as an exchange and brokerage platform where users can buy and sell digital assets using local currency pairings.

In May 2023, Gulf Binance received approval to provide services for the exchange of digital assets and a license to operate from Thailand’s finance ministry.

It is the most recent cryptocurrency exchange to open in Southeast Asia, where Coinbase, Zipmex, and Gemini have bases.