The post Binance to Launch Crypto Exchange in Thailand! appeared first on Coinpedia Fintech News
Binanc is set to launch a new crypto exchange in Thailand early next year through a joint venture with Gulf Energy Development, a unit of Thai billionaire Sarath Ratanavadi’s Gulf Group. The joint venture, named Gulf Binance, obtained approval from Thailand’s Securities and Exchange Commission (SEC) to commence operation. Gulf Binance obtained licenses from Thailand’s Ministry of Finance in May to become a digital asset operator regulated by the SEC. The exchange will initially be open to users by invitation only, with plans to open to the general public in early 2024. The joint venture aims to provide digital asset exchange and broker services for both cryptocurrencies and digital tokens, prioritizing security and compliance with SEC regulations.