Binance and Gulf joint venture Gulf Binance will open services to the public in Thailand next year

Gulf Binance, a joint venture between Binance and Gulf Innova, will first provide services to users through an invitation mechanism and plans to open services to the public early next year. Gulf Energy Development stated that Gulf Binance has received approval from the Thai SEC to start operating its trading platform. Gulf Binance’s digital asset platform will provide digital asset trading and brokerage services, prioritizing security and complying with Thai SEC regulations. (The Block) Previously, it was reported in May that Gulf Binance, a joint venture between Binance and Gulf Innova, had obtained a digital asset operator license issued by the Ministry of Finance of Thailand. Digital asset operators are regulated by the Securities and Exchange Commission (SEC) of Thailand. Gulf Binance will be able to move forward with plans to open digital asset exchanges and digital asset brokers that comply with local regulatory guidelines. The new platform is expected to be launched in Thailand in the fourth quarter of 2023.