Binance Thailand opens crypto exchange for trading

A representation of cryptocurrency Binance is placed on a PC motherboard, in this illustration taken June 16, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

BANGKOK (Reuters) - Binance Thailand has opened its cryptocurrency exchange in Thailand for trading, the company said on Tuesday.

The exchange, Gulf Binance, is a joint venture between Binance and Thailand's Gulf Innova that will serve as an exchange and brokerage platform allowing users to buy and sell digital assets with local currency pairings, according to a statement.