Binance and Gulf Innova, a Thai digital asset firm, have announced a joint venture to launch a regulated crypto exchange in Thailand.

The new exchange, which is expected to launch in Q4 2023, will be regulated by the Thai Securities and Exchange Commission (SEC). This means that it will be subject to strict financial and operational requirements, which will help to protect users and ensure the integrity of the market.

“We are excited to partner with Gulf Innova to bring our world-class crypto exchange to Thailand,” said Changpeng Zhao, CEO of Binance. “This partnership will help us to provide Thai users with a safe, secure, and compliant platform to trade cryptocurrencies.”

“We are confident that this partnership will be a major milestone for the Thai crypto industry,” said Sarath Ratanavadi, CEO of Gulf Innova. “The new exchange will provide Thai users with access to a wide range of cryptocurrencies and trading services, all under the supervision of the SEC.”