Binance Partners With Gulf Innova to Launch Binance Thailand

Binance Thailand, a new crypto exchange in Thailand that resulted from a partnership between Binance and Gulf Innova, is now open for trading. CEO Nirun Fuwattananukul commended the partnership and mentioned that they worked closely with Thai regulators for the launch.

The exchange, Binance TH, allows trading in Thai baht and works with local banks. It also partners with Binance Kazakhstan and follows Thailand's SEC rules.

Richard Teng, CEO of Binance, emphasizes their focus on security, transparency, and service quality. He believes blockchain and digital assets can help with financial inclusion. This move is significant for Thailand's role in digital finance.

Binance Thailand got a license from Thailand’s Ministry of Finance last May. This allows them to operate a legal crypto exchange and broker.