Gulf Binance, a joint venture between Binance and Thailand’s Gulf Innova, has officially launched its crypto exchange services to the public in Thailand. The launch follows an initial invite-only testing phase in November.
In a statement, the exchange revealed that Gulf Binance, established through a partnership between Binance Capital Management and a unit of Gulf Energy Development, is now fully operational. The platform, named Binance TH, allows Thai users to trade cryptocurrencies using local currency pairings.
This launch comes after the initiative secured the necessary crypto asset exchange and brokerage operator licenses from Thailand’s Ministry of Finance in May 2023. Initially, the service was available only to a select group of users by invitation, but it has now expanded its accessibility to the wider public.
In addition to its exchange services, Binance TH has also integrated its crypto brokerage service with Binance…
