Binance’s entry into the Thai digital asset industry should increase competition, decrease trading fees and encourage productivity and improvements in service quality, according to leading market participants.
Gulf Energy Development (Gulf), a major energy and telecom firm, announced on Jan 17 its subsidiary Gulf Innova signed a memorandum of understanding with Binance Group, the world’s largest cryptocurrency trading platform, to establish a digital exchange and other related business in Southeast Asia and Thailand.
The cooperation announced Gulf and Binance as a major player in the Thai digital asset market and may prompt Bitkub Online, the current…
