Stablecoin

Frontier

Gains

In a groundbreaking move poised to reshape Thailand’s digital landscape, Binance, the world’s largest cryptocurrency exchange, and Gulf Energy have received the green light from the Thai Securities and Exchange Commission to launch a <a href="https://coingape.com/glossary/Crypto-exchange-2/" target="_blank" rel="noopener noreferrer nofollow">cryptocurrency exchange</a>. This joint venture, known as Gulf Binance Co., is backed by the financial prowess of Gulf Energy, a major player in Thailand’s business arena.
<h2 id="thailand-welcomes-new-crypto-exchange-gulf-binance">Thailand Welcomes New Crypto Exchange Gulf Binance</h2>
In an era where <a href="https://coingape.com/glossary/crypto-regulation/" target="_blank" rel="noopener noreferrer nofollow">crypto regulations</a> are evolving, Binance and Gulf Energy’s joint venture, Gulf Binance Co., stands as a testament to the industry’s resilience and adaptability. The Thai Securities and Exchange Commission’s recent approval on November 10, 2023, marks a significant milestone for the collaboration, paving the way for the launch of a cryptocurrency exchange in Thailand early next year.
According to a recent <a rel="noopener noreferrer nofollow" href="https://weblink.set.or.th/dat/news/202311/1391NWS151120231838120570E.pdf" target="_blank">filing</a>, the leading global cryptocurrency exchange has strategically teamed up with Gulf Energy, led by the country’s second-richest individual, Sarath Ratanavadi. Meanwhile, despite facing increased regulatory scrutiny in various jurisdictions, Binance’s push for global expansion remains undeterred.
Notably, Gulf Energy’s significant financial backing, helmed by Ratanavadi’s net worth of approximately $11 billion, positions the joint venture for success in Thailand’s burgeoning digital landscape.
Also Read: <a href="https://coingape.com/paxos-gains-mas-nod-for-usd-stablecoin-launch-in-singapore/" target="_blank" rel="noopener noreferrer nofollow">Paxos Gains MAS Nod For USD Stablecoin Launch In Singapore</a>
<h2 id="new-exchange-to-revolutionize-thailand-s-crypto-scene">New Exchange To Revolutionize Thailand’s Crypto Scene</h2>
Gulf Binance’s digital asset platform, tailored for both <a href="https://coingape.com/glossary/cryptocurrency/" target="_blank" rel="noopener noreferrer nofollow">cryptocurrencies</a> and digital tokens, has obtained approval from the SEC to commence operations. Notably, the platform’s commitment to security and compliance with regulatory standards signifies a responsible entry into the Thai market.
Initially operating as an invitation-only exchange, Gulf Binance aims to progressively open its doors to the general public in early 2024. This phased approach aligns with industry best practices, ensuring a seamless integration into Thailand’s crypto ecosystem.
Meanwhile, the collaboration between Binance and Gulf Energy not only ushers in a new era for Thailand’s cryptocurrency enthusiasts but also underscores the industry’s continuous evolution amid regulatory changes. As Gulf Binance prepares to make its mark, the joint venture holds the promise of transforming Thailand into a prominent player in the global blockchain landscape.
Also Read: <a href="https://coingape.com/south-koreas-national-pension-service-invests-in-coinbase-and-clocks-40-gains/" target="_blank" rel="noopener noreferrer nofollow">South Korea’s National Pension Service Invests in Coinbase and Clocks 40% Gains</a>
The post <a rel="noopener noreferrer nofollow" href="https://coingape.com/binance-and-gulf-energy-crypto-exchange-reshapes-thailand-digital-frontier/">Binance and Gulf Energy’s Crypto Exchange Reshapes Thailand’s Crypto Frontier</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coingape.com">CoinGape</a>.

Binance and Gulf Energy’s Crypto Exchange Reshapes Thailand’s Crypto Frontier

Table of Contents

Coingape News Media

Other articles published on Nov 16, 2023

Breaking: BlackRock Files For Spot Ethereum ETF, ETH Price To Rally?

Astrobotic Sending Dogecoin To The Moon This December, DOGE price To Rally?

Blockchain in Gaming Could Garner Significant Growth by 2032

GroveCoin Ecosystem Celebrates the Launch of #GBURN: A Token with Remarkable Growth

Jupiter AirDrop: Earn Jupiter Tokens on Solana Network

Nocturne Launches on Mainnet to Bring Private Accounts to Ethereum

Join our free newsletter for daily crypto updates!