Gulf Binance, a joint venture between cryptocurrency exchange Binance and Gulf Energy Development, wait to be the leading crypto exchange in Thailand by the end of two years. The company will emphasize its three key points: differentiated products, unique services, competitive rates and reliable security, which will be its success strategy.
From the smoothness of Gulf Binance launch in November 2022 and its public debut in January 2023, the platform has gained 50,000 registered users. As of February 14, it offers over 115 tokens, the most of any regulated Thai exchange. CEO Nirun Fuwattananukul sees growth potential due to increased cryptocurrency adoption in Thailand.
Gulf Binance operates with four licenses of the Ministry of Finance, regulated by the Securities and Exchange Commission. It operates as a digital asset exchange, with its own Thai Baht order book and digital asset broker, offering crypto-to-crypto trading. To attract customers, Gulf Binance offers competitive fees of up to 0.1% and aims to build trust through regulatory compliance, security, and educational initiatives.
With 17 licensed exchange operators and brokers in the competitive Thailand market, Gulf Binance is focused on differentiation to become a prominent player within two years. Its roadmap prioritizes platform security to ensure high public trust.
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