Binance and Gulf Innova launched Binance TH, a new crypto exchange in Thailand

Binance and Gulf Innova have joined forces to launch Binance TH, a cutting-edge crypto exchange tailored for the Thai market.

The exchange, which is now open for business, represents a strategic collaboration that prioritizes security, transparency, and local support.

CEO Nirun Fuwattananukul expressed gratitude for the collaboration and emphasized the importance of working closely with Thai regulators to bring this innovative platform to fruition.

Binance TH is intended to provide Thai users with a smooth and secure trading experience. The exchange facilitates Thai baht transactions, increasing accessibility for local users.

Binance TH is committed to adhering to Thailand’s SEC rules and ensuring compliance and regulatory alignment by collaborating with local banks and establishing a partnership with Binance Kazakhstan.

Binance’s CEO, Richard Teng, emphasizes the importance of security, transparency, and service quality in their operations.

The exchange’s compliance with local regulations is demonstrated by its collaboration with Thai regulators and the acquisition of a license from Thailand’s Ministry of Finance in May of last year.

This regulatory approval allows Binance TH to operate as a legal cryptocurrency exchange and broker, demonstrating the company’s commitment to responsible and compliant financial practices.

Richard Teng believes that blockchain and digital assets have the potential to transform financial inclusion. Binance TH aims to be a catalyst for this inclusion by providing a user-friendly and regulated platform for Thai cryptocurrency enthusiasts.