Binance, Thai Billionaire to Start Crypto Exchange Next Year
- Gulf Binance platform due to commence operations early 2024
- Binance faces web of regulatory probes in other jurisdictions
Sarath Ratanavadi.
Photographer: Andre Malerba/BloombergThis article is for subscribers only.
A joint venture between Binance Holdings Ltd. and Gulf Energy Development Pcl plans to roll out a crypto exchange in Thailand next year after winning licenses from the nation’s regulator.
Gulf Binance Co. obtained approval from the Thai Securities and Exchange Commission on Nov. 10 to commence operations, according to a stock exchange filing late Wednesday.