Key points

  • After obtaining a crypto asset trading and brokerage license in Thailand, Gulf Binance’s crypto asset trading and brokerage platform officially started full operations in Thailand, under the name Binance TH by Gulf Binance (Binance TH), open to all qualified users.

  • The new platform will provide crypto asset trading and brokerage services to Thai users, allowing them to seamlessly buy and sell crypto assets using local currency.

  • Gulf Binance is committed to building a future where blockchain technology and crypto assets play a core role in driving Thailand's economic development in a regulatory and secure manner.

Gulf Binance Co., Ltd.’s (Gulf Binance) cryptocurrency exchange and brokerage platform has officially launched full operations in Thailand, opening its platform to the public under the name Binance TH by Gulf Binance (Binance TH).

Gulf Binance announced in May 2023 that it had obtained a crypto asset exchange and broker operating license issued by the Thai Ministry of Finance, and was subsequently approved to operate as a crypto asset exchange and crypto asset broker in Thailand.

When innovation meets compliance

To provide crypto-asset trading services, Binance TH has adopted an order book designed for Thai baht (THB) trading pairs, allowing Thai users to seamlessly buy and sell crypto-assets using local currency. At the same time, through integration with the order book of Binance Kazakhstan, a crypto-asset exchange regulated by the AIFC Financial Services Authority (AFSA) of Kazakhstan, users can also use crypto-asset broker services through the Binance TH platform.

Nirun Fuwattananukul, CEO of Gulf Binance, said: “We are extremely proud to finally announce the official launch of our local platform to the Thai public. Over the past year, we have worked closely with Thai regulators and invested considerable effort in careful planning. As a result, Binance TH is now able to offer proven security technology, ensuring a reliable and easy-to-use platform for our Thai users. As we welcome them to our regulated platform, we remain steadfast in our commitment to building trust and spurring innovation in the local blockchain community.”

As a fully licensed and accredited platform by the Securities and Exchange Commission of Thailand (SEC), Binance TH will become a symbol of innovation and development in the Thai crypto space.

Driving Thailand’s Crypto Transformation

The launch of Binance TH will help open up new frontiers for the Thai economy. Richard Teng, CEO of Binance, said: "As our Thailand joint venture platform, Binance TH, is fully operational to the Thai public, we remain committed to our security, transparency, and service quality. Blockchain technology and crypto assets have the power to bring financial inclusion. With this technology, we aim to be part of the community that drives the digitalization of the Thai economy, promoting growth and creating new opportunities. This is a strategic step forward and lays the foundation for Thailand to play a key role in the global crypto-finance space."

In line with Thailand’s fourth economic development plan, “Thailand 4.0”, which promotes digitalization and innovation, Gulf Binance is committed to building a future where blockchain technology and crypto assets play a core driving force in Thailand’s economic development. By combining Binance’s expertise in blockchain with Gulf Group’s vast network of resources in Thailand, Binance TH will provide Thai users with a localized and compliant crypto asset trading platform that meets the needs of Thai users.

Further reading

  • Gulf Binance Obtains Cryptocurrency Operator License in Thailand

  • Binance Helps Royal Thai Police Fight Criminal Networks

  • Binance Launches Regulated Crypto Platform in Kazakhstan