Binance is finally opening its Thailand exchange to the general public eight months after it announced an expansion into the country.
Global cryptocurrency exchange Binance has opened to the general public in Thailand, potentially shaking up a local crypto exchange market dominated by Bangkok-based incumbent Bitkub.
In a Jan. 16 statement, Binance TH said the exchange will now be open to "all eligible users" and has implemented a dedicated order book designed for Thai baht trading pairs. Users can also deposit and withdraw local currency “through intuitive integration with domestic banking systems,” it said.
Speaking to Cointelegraph, a Binance spokesperson noted there would be no additional services beyond spot trading at the moment, but it has “ambitious long-term plans for Binance TH and we are working closely with the regulators to obtain approvals for other services.”
