In a statement on January 16 Binance TH said that the trading website will open.Available to “all eligible users”and willThere is an order book. Separately for trading baht currency pairs. Users will also be able to deposit and withdraw currencies.bahtdirectly through the banking app No need to transfer through other channels.
A Binance spokesperson said: At this time, additional services beyond spot trading are not available, but Binance TH has ‘ambitious long-term plans’ and is working with regulators to gain approval for the launch of additional services.
Providing services to Binance TH’s announcement of “all eligible users” on January 16, 2024, comes after the company received approval from the Securities and Exchange Commission (SEC) to operate in Thailand. two months ago The opening of the service in the first period is characterized by It is “invitation only” and plans to open to the public in 2024.
Binance announces plans to build the first crypto trading platform in Thailand. in May 2023 and received a license to operate as a digital asset intermediary. from the Ministry of Finance in the same month
This new trading website will be operated by Gulf Binance It is a joint venture between Binance Capital Management, a subsidiary of Binance, and Gulf Innova, a subsidiary of Gulf Energy, a Thai energy giant.
However, Binance is entering an arena that is monopolized by big players like cryptocurrencies. Bitkub which is a large trading website that holds approximately 77% of the trading market share
followAccording to HashKey Bitkub, daily trading volume is around $30 million, with Thai Baht and Tether (USDT) matching the most trades on the platform.
For anyone who wants to apply for Binance TH, you can apply at: Link (Get 20% discount on fees)
Source: cointelegraph
2024-01-16 07:47:42
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