{"id":87104,"date":"2023-11-16T10:10:53","date_gmt":"2023-11-16T08:10:53","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=87104"},"modified":"2025-09-13T09:40:19","modified_gmt":"2025-09-13T06:40:19","slug":"binance-and-gulf-energy-granted-approval-to-launch-exchange-in-thailand","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/binance-and-gulf-energy-granted-approval-to-launch-exchange-in-thailand\/","title":{"rendered":"Binance and Gulf Energy Granted Approval to Launch Exchange in Thailand"},"content":{"rendered":"

Binance is preparing<\/a> to expand into Thailand by launching a joint trading platform with Gulf Energy’s unit of billionaire Sarath Ratnavandi.<\/p>\n

According to documents for SET<\/span>, the new firm named Gulf Binance has received a license to provide services from the local Securities and Exchange Commission.\u00a0<\/p>\n

In May, the Thai Ministry of Finance granted<\/a> the joint project a digital asset operator license.<\/p>\n

\n

\u201cThe Gulf Binance platform will provide exchange and brokerage services for both cryptocurrencies and other digital tokens, with a focus on security and regulatory compliance,\u201d the company said.<\/p>\n<\/blockquote>\n

Gulf Energy added that initially the exchange will be open to users by invitation only, and public access will launch in early 2024.<\/p>\n

The holding announced<\/a> the registration of Gulf Innova’s subsidiary in December 2021. The company’s stated objective is to expand and strengthen its business in digital transformation.<\/p>\n

In January 2022, Binance signed<\/a> a memorandum of understanding with Gulf Energy. At that time the parties began exploring the possibility of launching a crypto exchange.\u00a0<\/p>\n

In April, the firms sent<\/a> applications for the relevant licenses.\u00a0<\/p>\n

Earlier in October 2023, KBank acquired<\/a> the Thai cryptocurrency exchange Satang for $102.8 million.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Binance is preparing to expand into Thailand by launching a joint trading platform with Gulf Energy’s unit of billionaire Sarath Ratnavandi.<\/p>\n","protected":false},"author":1,"featured_media":87105,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,1166,1266],"class_list":["post-87104","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-centralized-exchanges-cex","tag-thailand"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=87104"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87104\/revisions"}],"predecessor-version":[{"id":87106,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87104\/revisions\/87106"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/87105"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=87104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=87104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=87104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}