In less than two years, Gulf Binance, a joint venture between cryptocurrencycurrency exchange Binance and Gulf Energy Development aims to overtake all other cryptocurrencycurrency exchanges in Thailand. In order to achieve success, the company will prioritize its three core values, which are distinctive products, special services, affordable rates, and dependable security.
There are already 50,000 registered users on Gulf Binance, following the platform’s soft launch in November 2022 and public launch in January 2023. Of all the licensed Thai exchanges, as of February 14th, it offers the most tokens over 115. Thai cryptocurrencycurrency use has surged, and CEO Nirun Fuwattananukul sees room for expansion.
The Securities and Exchange Commission oversees Gulf Binance, which is governed by four licenses from the Ministry of Finance. It functions as a digital asset broker that facilitates cryptocurrency-to-cryptocurrency trading and has its own Thai baht order book. Gulf Binance wants to establish trust through security, regulatory compliance, and educational programs while luring clients with competitive rates as high as 0.1%.
Gulf Binance is concentrating on differentiating itself in order to become a major participant in the Thai market within two years, with 17 licensed exchange and broker companies. Security of the platform is given top priority in its roadmap to guarantee strong public trust.
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