Gulf Binance Launch Ignites New Possibilities In Thailand's Crypto Market
Portfolio Pulse from Murtuza Merchant
Gulf Energy Development Public Company Ltd. has announced its joint venture with Binance, Gulf Binance Company Ltd., has received approval from Thailand's SEC to start its digital asset business. Gulf Binance will launch a digital asset platform offering exchange and broker services for cryptocurrencies and digital tokens, with operations expected to begin by invitation only and open to the public in early 2024. This move is seen as a significant development in Thailand's blockchain and digital asset landscape, combining local expertise with Binance's global experience.
November 16, 2023 | 6:45 pm
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Binance's cryptocurrency, BNB, may see increased interest and potential growth in the Thai market following the approval of Gulf Binance to operate a digital asset business in Thailand.
The establishment of Gulf Binance in Thailand, in partnership with Binance, is likely to increase the adoption and use of BNB within the Thai market. As the platform gains traction, it could lead to a higher demand for BNB, potentially positively impacting its price in the short term.
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