Gulf Binance, a joint company between the crypto exchange Binance and Gulf Energy Development, expects to be the top crypto exchange in Thailand by the end of two years. The company will place its emphasis on its three key points: differentiated products, unique services, competitive fees, and reliable security, which are going to be its strategy for success.
Since Gulf Binance’s soft launch in November 2022 and its public debut in January 2023, the platform has garnered 50,000 registered users. As of February 14th, it offers over 115 tokens – the most of any regulated Thai exchange. CEO Nirun Fuwattananukul sees potential for growth due to the surge of crypto adoption in Thailand.Â
Gulf Binance operates with four licenses from the Ministry of Finance, regulated by the Securities and Exchange Commission. It runs as a digital asset exchange, with its own Thai baht order book and a digital asset broker, providing crypto-to-crypto trading. To attract customers, Gulf Binance offers up to 0.1% competitive fees and aims to build trust through regulatory compliance, security, and educational initiatives.
With 17 licensed exchange and broker operators in Thailand’s competitive market, Gulf Binance focuses on differentiation to become a top player within two years. Its roadmap prioritizes platform security to ensure high public confidence.
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