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Binance and Gulf Innova have successfully launched Binance Thailand (Binance TH), a new cryptocurrency exchange in Thailand. This collaboration aims to provide a secure and transparent trading platform with dedicated local support. CEO Nirun Fuwattananukul expressed appreciation for the partnership and highlighted the close collaboration with Thai regulators during the launch.
Great news, Binancians! 🎉
— Asel 🔶 (@aselbinance) January 16, 2024
Binance TH, courtesy of Gulf Binance & licensed by Thailand's Ministry of Finance, is now open to all eligible users! 🌏🔓
With this venture, we're introducing THB deposits & withdrawals. Get started today! 🎁💼 #Binance #GulfBinance #THBTrading https://t.co/qkKzMg4we2
Binance TH facilitates trading in Thai baht and collaborates with local banks, adhering to Thailand’s SEC rules. The exchange also partners with Binance Kazakhstan, marking a strategic expansion in the Southeast Asian crypto market.
Binance Thailand- Binance CEO Emphasizes Commitment to Security and Transparency in Thailand Expansion
Richard Teng, CEO of Binance, underscores the company’s commitment to security, transparency, and service quality in the launch of Binance Thailand. Teng sees blockchain and digital assets as instrumental in advancing financial inclusion. This move holds significance for Thailand’s position in the digital finance landscape.
Binance Thailand obtained a license from Thailand’s Ministry of Finance in May, enabling the legal operation of a cryptocurrency exchange and broker. This regulatory approval reinforces Binance’s dedication to compliance and aligns with its broader strategy for responsible and regulated crypto services.
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