Binance eyes Thailand for latest crypto exchange expansion

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Thailand crypto users rejoice! Binance has locked in an agreement as Thai government officials expedite crypto regulations which could pave the way for the firm to open a branch in the Kingdom.

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Binance is looking to re-establish crypto exchange services and possibly open a new branch in Thailand after signing an agreement with Gulf Energy Development PCL.

Gulf Energy Development PCL is a Thai holding company run by billionaire Sarath Ratanavadi that focuses on the energy sector.made the agreement with the world’s largest crypto exchange based on the strong assumption that Thailand’s digital economy infrastructure will see “rapid growth” in the next few years.

The cooperative efforts between Gulf Energy, Binance, and the Thai government will be focused on exploring Binance’s options in the Thai market, which may include opening an exchange and related businesses in the Kingdom.on Jan. 17,"Our goal is to work with government, regulators and innovative companies to develop the crypto and blockchain ecosystem in Thailand.”

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