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Binance to launch Thai exchange in 2024

Published date:

February 2, 2026

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Crypto giant Binance will collaborate with the Gulf Energy Department to launch a Thailand-based exchange in early 2024.

JUST IN:

Binance to launch Thai exchange in joint venture with local energy giant
— Whale (@WhaleChart) November 16, 2023

Earlier in May, Gulf Binance, the joint venture between the two firms, secured digital asset operator licenses from Thailand’s Ministry of Finance. As per a recent court filing by the Thai Securities and Exchange Commission, Gulf Binance received regulatory approval to offer trading services for cryptocurrencies on November 10. The court filing added,

“Gulf Binance’s digital asset platform will provide digital asset exchange and digital asset broker services for both cryptocurrencies and digital tokens, prioritizing security and compliance with SEC regulations. “

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Initially, Binance’s latest venture will be available to select Thai-based clients on an invitation-only basis. The court filing revealed that the platform will eventually be made accessible to the general public in early 2024.

Written by

Ayush Pande

Ayush Pande is a hardware, gaming, and crypto writer based in India. He's a tech enthusiast who's fascinated by the potential of blockchain technology.

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How we reviewed this article

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Ayush Pande

Written by:

Ayush Pande

Writer

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

About the Author

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

About the Author

Radica Maneva

Reviewed by:

Radica Maneva

Senior Editor

Radica is a Senior Editor at Bitcompare. She has worked for more than a decade at leading publications as an Editor across various industries, including crypto and finance.

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