Binance to Launch Crypto Exchange in Thailand in Q4

The largest cryptocurrency exchange Binance is fixed simultaneously in several markets.

As the head of the company, Changpeng Zhao, noted, the increase in the number of users of the trading platform creates the conditions for wider investment in digital assets.

In March, it became known about Binance’s plans to create a blockchain hub in Georgia. The exchange will take part in creating infrastructure in the republic for processing transactions with bitcoin and other virtual coins.

In the fourth quarter of 2023, Binance expects to launch the platform in Thailand. The Ministry of Finance issued a corresponding license to the crypto company and its Thai partner Gulf Energy.

By the end of the fourth quarter, a bitcoin exchange should appear on the local market, serving investors under the laws of an Asian state.

The Binance press center reported that the activities of the trading platform will be regulated by the Securities and Exchange Commission (SEC).

The crypto company emphasized:

Binance, along with local partner Gulf, plans to use blockchain technology to meet the needs of Thai users. Local traders can access a reliable and regulated service that pays special attention to their safety.