Gulf Binance, a partnership between global cryptocurrency exchange Binance and Thailand’s Gulf Innova, has officially launched its exchange services in Thailand. As of Jan. 16, Binance TH has opened its exchange to all eligible users, featuring a dedicated order book for Thai baht trading pairs. The platform seamlessly integrates with Thailand’s banking systems, facilitating local currency deposits and withdrawals.
This launch comes two months after Binance obtained authorization from Thailand’s Securities and Exchange Commission (SEC) to commence operations. Initially, the exchange operated on an invite-only basis, with plans to extend access to the general public in 2024.
Binance's initiative to establish a Thai-based crypto exchange was disclosed in May 2023, and it secured a digital asset exchange and brokerage operator license from Thailand’s Ministry of Finance the same month.
