- Binance Thailand has launched its Thai operations.
- The exchange will offer crypto trading and brokerage services.
- The launch follows digital asset operator license approvals by the Thai finance ministry.
Binance’s subsidiary with Gulf Innova Co. Ltd., Gulf Binance, has launched full operations of its Thai crypto exchange, Binance Thailand.
The development comes after Gulf Binance secured digital asset operator licenses from Thailand’s Ministry of Finance in May 2023, enabling the company to lay the foundation for today’s launch.
Binance Thailand Launches Regulated Crypto Trading Services
In an announcement dated January 16, Binance Thailand said its regulated digital assets trading platform is now accessible to the general public, making it easy for Thai users to buy and sell crypto with local currency pairing.
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Per the statement, the exchange has integrated its orderbook with Binance Kazakhstan, a regulated local digital asset exchange in Kazakhstan supervised by the Astana Financial Services Authority (AFSA), enabling users to access digital asset brokerage services directly via the platform.
Gulf Binance CEO Nirun Fuwattananukul lauded the launch, noting that it followed detailed planning and close collaboration with Thai regulators over the past year.
“As a result, Binance TH is now able to offer access to proven and secure technology, ensuring a reliable and intuitive platform for our Thai users. As we welcome them to our regulated platform, our unwavering commitment is to foster an atmosphere of trust and stimulate innovation within the local blockchain community,” Fuwattananukul stated.
Binance Thailand is authorized to operate in the country by Thailand’s Securities and Exchange Commission (SEC). The exchange pledged to foster “a future where blockchain technology and digital assets play a central role in driving Thailand’s economy,” in line with the country’s fourth economic development plan.
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Read about the launch of Binance’s Web3 wallet:
Binance Debuts User-Friendly Wallet for Web3 Adoption
Stay updated on the number of users on Binance Pay:
Binance Pay Reaches 12 Million Active Users in 2023
