Gulf Binance aims for crypto supremacy

Gulf Binance aims for crypto supremacy
Gulf Binance aims for crypto supremacy
Mr. Nirun claims that providing well-known tokens and a top-notch software are key components of business management.

In a world where online resources are increasingly popular, Gulf Binance has emerged as a newcomer to Thailand’s 17 licensed change and agent companies.

The owner of the Binance TH program set an extreme goal of leading the booming bitcoin industry within two years of its public debut in January 2024, supported by the largest crypto exchange in the world by quantity.

As the online asset market heats up, Gulf Binance’s CEO, Nirun Fuwattananukul, maintains that the company has the necessary tools to take the lead in Thailand.

” We will be the No. 1 over the next two times,” I’m comfortable. 1 person in Thailand. In an interview with the Bangkok Post, Mr. Nirun remarked,” There is no denying that.”

” Based on our internal monitoring, we are about between third and fifth place then, and by the end of the year, we want to get No. 2″.

Gulf Innova Co Ltd, a wholly owned subsidiary of Binance Capital Management, and Gulf Innova Co Ltd, a wholly owned subsidiary of SET-listed Gulf Energy Development, are a joint venture that is regulated by the Securities and Exchange Commission and has four licenses to operate as a online resource change and agent.

Since its launch, Binance TH boasts the highest number of tokens ( 120 ) traded on an exchange. Another 10 currencies were being added at the time of the meeting.

He claimed that the business is on track to release a selection of 200 coins by the end of the year.

Main Techniques

To cash in on Thailand’s electric future, Gulf Binance’s operations are based on five proper pillars: constant platform enhancement, community building, driving adoption through education, a user- focused approach, and unwavering regulation compliance.

According to Chainalysis, Thailand ranks 10th globally in terms of crypto adoption, with 21.9 % of Thais embracing cryptocurrencies, nearly double the global average.

According to Mr. Nirun, the company’s three primary objectives are to become a market leader.

” Having the desired currencies is the first.” The next involves the quality of the platform”, he said.

” Binance now has a strong platform and processes by far the largest amount in the world. When we localise it, we’re going to make it even better and more easy, especially when compared with the companies”.

According to Mr. Nirun, the fourth approach includes marketing and training to spread the word about cryptocurrencies in Thailand.

He praised the company’s reputation for providing excellent customer service. To boost user trust and collaborate with other players to promote electronic education and increase crypto implementation in Thailand, it is also crucial to ensuring regulation compliance.

Gulf Binance has approximately 100, 000 customers at current and wants to own 900, 000 by yr- end, said Mr Nirun.

He claimed that the usual Binance TH user’s gender ranges from 35 to 40.

” There are so many people who invest in stocks and bonds, but have n’t invested in crypto. To attract more customers, Mr. Nirun stated that we want to expand the market by educating more persons.

Binance TH boasts 120 currencies traded on an trade, the most in the industry.

PRICE Combination

Contrary to popular belief, Bitcoin’s rate dropped as a result of its doubling on April 19.

The Bitcoin rate dropped sharply on May 1 to US$ 56,527, which is its lowest level in nearly two months. It also experienced a significant decline from the record high of practically$ 74,000 in March of this year.

” The people expected a great value leap after the halving”, he said. Rates have been rising since November or December of last year, so the supply decline was priced in a way that was far ahead of the event.

The US’s January 2024 release of place Bitcoin exchange-traded funds contributed to that price increase. Within 12 days of their launch, Bitcoin prices fell 14 % before rising 7 % over the subsequent seven- day period.

” If you look at past styles, you see about six weeks after lowering, the market will consider to combine. The reducing is beneficial in the longer term”, said Mr Nirun.

Some experts have talked of pricing reaching$ 100, 000- 150, 000 in 1- 3 times, he said.

” December 2025 is when we’re at a optimum.” People anticipate a bull pattern with more uncertainty as prices move up and down, according to Mr. Nirun, until December 2025.

” From a financial plan and cash perspective, the Federal Reserve’s interest rate reductions may be advantageous. That will boost property prices in general, not merely Bitcoin”.

He advised investors to keep an eye on politics and the tense regulations because they both affect property prices.

DIVERSE Investment

As one of Thailand’s biggest energy suppliers, Gulf announced its association with Binance in January 2022. Sarath Ratanavadi’s company’s strategy is to expand into new industries with this job.

Through the acquisition of Thaicom and Singtel-backed InTouch, as well as its wireless system Advanced Info Service ( AIS), in 2021, and its acquisition of dish operator Thaicom in 2022, Gulf has been deepening its investments in telecoms.

Gulf and AIS and Krungthai Bank have both applied for online bank licenses. Additionally, Gulf recently increased its stake in Kasikornbank to become the 14th-largest investor in one of Thailand’s largest businesses.

At a recent combined event held with Binance CEO Richard Teng in Bangkok, Mr. Sarath said that the two companies may strengthen their business relationship in the future.” Digital assets and bitcoin form a core part of the new economy, which have been accepted by the public for years.

Binance and several potential partners in Thailand were discussed, according to Mr. Nirun.

” Ultimately, I believe it was the confidence we received from Gulf regarding its plans to create an infrastructure and its entry into the digital asset space. That’s going to make a difference”, he said.

The issuance of electricity tokens could allow the two parties to further develop their cooperation, according to Mr. Nirun.


Binance TH established its orderbook to allow Thai users to purchase and sell digital assets in baht pairs after receiving its exchange license.

Utilizing Binance’s global platform, a local matching engine matches users ‘ orders and arranges opposing orders.

Binance TH now has the ability to offer Thai users crypto-to-crypto trading pairs and USDT (tethering ) pairs thanks to the broker license. According to him, the license makes it easier for the platform to integrate with the world’s exchange, increasing both the diversity of digital assets and liquidity.

The Astana Financial Services Authority oversees Binance TH’s integration of its orderbook with Binance Kazakhstan, a regulated digital asset platform for Kazakhstan.

One feature Binance TH offers is price alerts, which notify users of significant price fluctuations, enabling them to seize market opportunities swiftly, said Mr Nirun.

Users of the portfolio tracking tool can now see how well their assets are performing, he claimed, making better investment decisions.

In addition, the “whitelist function” is a protective measure that restricts withdrawals to addresses specified by the user, which was adopted to enhance the security framework.

According to Mr. Nirun, Binance TH is the only regulated Thai digital asset exchange that supports both the national digital ID and ThaID.