Global crypto exchange giant Binance is continuing its expansion into new markets, announcing this week a joint venture to launch a new Thailand-based exchange called Gulf Binance. The initiative is a collaboration between Binance and Gulf Energy Development, one of Thailand’s largest energy conglomerates.
Keypoints
- Binance is launching a new crypto exchange in Thailand via a joint venture with Gulf Energy Development.
- The exchange, called Gulf Binance, has received approval from the Thai SEC.
- Gulf Binance will launch on an invitation-only basis initially, with a public rollout in early 2024.
- Gulf Energy is a major Thai energy company that is diversifying into digital infrastructure businesses.
- Binance is expanding globally but facing regulatory challenges in the US and Europe.
Gulf Binance has already received approval from the Thai Securities and Exchange Commission (SEC) to operate a regulated crypto exchange…
