Gulf Binance secures licence to operate crypto exchange and brokerage in Thailand

Gulf Binance, a joint venture between Binance and Gulf Innova Co., has secured digital asset operator licenses from the Securities and Exchange Commission in Thailand.

The creation of Gulf Binance followed an agreement between in 2022 the two organizations to set up a digital asset exchange in Thailand.

Gulf Inova Co. is a subsidiary of Gulf Energy Development Public Company Limited, a holding company that invests in a portfolio of conventional and renewable power generation and distribution businesses, as well as natural gas supply and distribution, infrastructure development projects, digital infrastructure businesses, and more.

“A country with a thriving crypto space”

Thailand’s SEC licenses will enable Gulf Binance to operate as a digital asset exchange and digital asset broker powered by Binance’s infrastructure and network and leveraging Gulf’s established presence and industry knowledge in Thailand.

Gulf Binance is set to launch in Thailand in the fourth quarter of 2023, said the official announcement.

Richard Teng, Binance’s Regional Head of Asia, Europe and MENA, said: “We are grateful and honored to be granted the digital asset operator licenses for Gulf Binance in Thailand — a country with a thriving crypto space that has demonstrated strong commitment in embracing blockchain technology. By harnessing Binance’s expertise together with Gulf’s established local presence and network, Gulf Binance aims to showcase the full potential of blockchain technology to meet the needs of Thai users. Local users can expect access to a trusted and regulated service that prioritizes user security alongside compliance with local regulations.”

Binance integrates spot trading with TradingView

Earlier this month it was announced that Binance’s spot trading is now integrated with professional charting and trading platform, TradingView, enabling users to perform technical and fundamental analysis, as well as trade through charts without leaving the site.

TradingView and Binance, the largest cryptocurrency exchange in the world, have announced the expansion of their partnership to include spot trading. This comes after the successful introduction of Binance Futures on the TradingView platform in 2022.

Binance announced the integration in a blog post highlighting that it allows users to manage their trades efficiently and learn new strategies with an active community.

The influential exchange, known for its impressive market presence, boasts a daily spot trading volume of around $20 billion and offers over 1,400 spot pairs for trading. They can access additional features by simply connecting to the platform using their Binance accounts.