Binance and Gulf Energy: A New Strategic Alliance

Binance collaborates with Gulf Energy Development to launch a new digital asset exchange in Thailand by early 2024.

The venture, approved by Thailand’s Securities and Exchange Commission, represents Binance’s first significant foray into Southeast Asia.

Amidst legal issues in the U.S. and Europe, this expansion offers Binance a strategic foothold in a growing Asian market.

In a move set to reshape the Thai digital asset landscape, Binance teamed up with Gulf Energy Development to introduce a new exchange in Thailand, slated for a public launch in early 2024. This partnership marks Binance’s expansion into the Southeast Asian market, currently dominated by local Thai exchange Bitkub.

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