Binance launches Thai crypto exchange, wading into crowded market

BANGKOK โ€“ Leading cryptocurrency exchange Binance has launched full digital asset trading operations in Thailand, it announced on Tuesday, a move that is likely to intensify competition in an already crowded domestic market.

The exchange will be operated by Gulf Binance, a joint venture with local power major Gulf Energy Development. Binance obtained licenses to operate an exchange in May 2023.


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