Binance Thailand | Binance TH, a subsidiary of Gulf Binance, is now open to all eligible users.

Gulf Binance Co., Ltd. ("Gulf Binance"), a digital asset trading and brokerage platform under the Gulf Binance umbrella, has officially launched full operations in Thailand under the name Binance TH by Gulf Binance (Binance TH), open 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. The company obtained a digital asset exchange and brokerage operational license from the Thai Ministry of Finance in May 2023. Subsequently, it was approved to operate as a digital asset exchange and digital asset broker in Thailand.

Binance Thailand Offers Thai Baht Trading Pairs

In order 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. Furthermore, through seamless integration with the domestic banking system in Thailand, users in Thailand can instantly deposit and withdraw Thai Baht directly to and from their Binance TH accounts.

To enable digital asset brokerage services, Binance TH has integrated its order book with Binance Kazakhstan, a digital asset exchange locally regulated by the Astana Financial Services Authority (AFSA) in Kazakhstan. As a platform authorized and fully recognized by the Securities and Exchange Commission of Thailand (SEC), Binance TH will symbolize innovation and development in the Thai crypto space.

Richard Teng Aims to Drive Thailand's Digital Economy

Nirun Fuwattananukul, CEO of Gulf Binance, stated: "We are thrilled to finally announce the official launch of our local platform to the Thai public. Over the past year, we have worked closely with Thai regulatory authorities and put in significant efforts for meticulous planning. As a result, Binance TH is now able to offer verified secure technology to ensure a reliable and user-friendly platform for our Thai users. As we welcome them to our regulated platform, we are committed to fostering a trusted environment within the local blockchain community and driving innovation."

Richard Teng, CEO of Binance, remarked: "As our joint venture company's platform, Binance TH, fully rolls out operations to the Thai public, we remain steadfast in our commitment to security, transparency, and service quality. Blockchain technology and digital assets have the power to bring about financial inclusivity. With this technology, our goal is to be part of driving Thailand's digital economy community, fostering growth and creating new opportunities. This strategic move towards progress lays the foundation for Thailand to play a key role in the global digital financial sector."

In alignment with Thailand's fourth economic development plan, "Thailand 4.0," which aims to promote digitalization and innovation, Gulf Binance is dedicated to creating a future where blockchain technology and digital assets serve as core drivers of 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 the needs of users in Thailand.