Collaborating with Gulf Innova, Binance Launches Digital Asset Exchange in Thailand

Are you ready for the  crypto revolution in Thailand? Binance , the global giant of  crypto exchange , has officially launched Binance Thailand, which is ready to compete with Bitkub, the local market leader.
With local banking integration and a focus on Thai baht trading pairs, Binance TH promises innovation and convenience for  crypto users in the White Elephant Country.

Binance Expansion in Thailand

Binance is not playing around when it comes to expanding its horizons. After getting the green light from the Thai Securities and Exchange Commission, Binance TH is now opening services to the public with Thai baht trading pairs.
Binance CEO, Richard Teng , stated their ambition to be part of the digitalization of the Thai economy. By collaborating with Gulf Innova, a subsidiary of Gulf Energy, Binance TH is ready to present new opportunities for Thai people in the world of  crypto .
Binance TH obtained a license from the Thai Ministry of Finance in May last year. This marks a major step in their vision to strengthen Thailand's position in the global crypto ecosystem .

Gulf Binance CEO, Nirun Fuwattananukul, expressed his pride in the team's hard work in preparing the platform which is now ready to be used by the general public.

Regulation and Market Competition

Even though Binance faces regulatory challenges in several countries, they remain optimistic about the launch in Thailand. Binance.US, which is part of Binance global, has settled the legal dispute by paying a fine of $4.3 billion.
Even so, this has not stopped Binance from continuing to lead the global crypto market . In Thailand, Binance TH has to compete with Bitkub, which controls around 77% of the market share.
However, with a strong strategy and regulatory support, Binance TH has the potential to change the competitive landscape of the  crypto market in Thailand. This is an opportunity for you to be part of a major change in the  crypto industry in Southeast Asia.
Overall, Binance TH's presence in Thailand is not just the launch of a new crypto platform , but also a symbol of evolution and adaptation in the global digital ecosystem.
With full support from local regulators and a clear vision, Binance TH is ready to take an important role in advancing the digital economy in Thailand.