The collaboration aims to start an exchange with an invitation-only phase, aiming for a public launch in early 2024.
Sarath Ratanavadi, the CEO of Gulf Energy, ranks as the country's second wealthiest individual.
Bangkok, Thailand
In collaboration with Gulf Energy Development, Binance is gearing up to launch a crypto exchange in Thailand in early 2024. The announcement follows Gulf
Energy's filing with the Stock Exchange of Thailand on November 15. This revealed that the Gulf Binance venture will initially operate on an invitation-only
basis, with a public rollout expected by early 2024. The venture has received
approval from the Thai Securities and Exchange Commission (SEC) as of November
10.
Binance
and Gulf Energy to Unveil Thai Crypto Exchange
The venture's progress follows Gulf Binance obtaining digital asset operator licenses from
Thailand’s Ministry of Finance on May 26 as confirmed by Richard Teng, Binance’s Regional Head of Asia, Europe, and the Middle East and North
Africa.
Richard Teng, Regional Head, Binance, Source: LinkedIn
These licenses allow the operation of a regulated crypto exchange under the Thai SEC’s jurisdiction. Initially, Binance had aimed to launch its Thai arm by the fourth quarter
of 2023. However, a spokesperson from Binance indicated that the platform has been launched on an
invitation-only basis, with further details pending.
Gulf
Energy, led by Sarath Ratanavadi, Thailand's second-wealthiest individual, is poised to leverage its local presence and network in this endeavor. Binance aims to showcase blockchain technology's potential to Thai users.
Teng has expressed his intention to leverage Gulf's established local presence
and network. Additionally, Gulf Binance aims to demonstrate the potential of blockchain
technology to the local user base.
Binance and Thai Law Enforcement
Last month, Finance Magnates reported that Binance
had collaborated with Thai law enforcement, which contributed to dismantling cryptocurrency scam networks. Binance's Investigations team worked with the Cyber Crime Investigation Bureau (CCIB) of the Royal
Thai Police. In one case, they tackled a "pig butchering" scam, resulting in the arrest of five key
individuals and the seizure of assets worth THB 10 billion ($277 million), benefiting over
3,200 victims.
Furthermore, Binance played a role
in exposing and disrupting another crypto scam, leading to arrests across 30
locations and the seizure of assets, including 16 luxury residences, 12
vehicles, and THB 16 million.
In collaboration with Gulf Energy Development, Binance is gearing up to launch a crypto exchange in Thailand in early 2024. The announcement follows Gulf
Energy's filing with the Stock Exchange of Thailand on November 15. This revealed that the Gulf Binance venture will initially operate on an invitation-only
basis, with a public rollout expected by early 2024. The venture has received
approval from the Thai Securities and Exchange Commission (SEC) as of November
10.
Binance
and Gulf Energy to Unveil Thai Crypto Exchange
The venture's progress follows Gulf Binance obtaining digital asset operator licenses from
Thailand’s Ministry of Finance on May 26 as confirmed by Richard Teng, Binance’s Regional Head of Asia, Europe, and the Middle East and North
Africa.
Richard Teng, Regional Head, Binance, Source: LinkedIn
These licenses allow the operation of a regulated crypto exchange under the Thai SEC’s jurisdiction. Initially, Binance had aimed to launch its Thai arm by the fourth quarter
of 2023. However, a spokesperson from Binance indicated that the platform has been launched on an
invitation-only basis, with further details pending.
Gulf
Energy, led by Sarath Ratanavadi, Thailand's second-wealthiest individual, is poised to leverage its local presence and network in this endeavor. Binance aims to showcase blockchain technology's potential to Thai users.
Teng has expressed his intention to leverage Gulf's established local presence
and network. Additionally, Gulf Binance aims to demonstrate the potential of blockchain
technology to the local user base.
Binance and Thai Law Enforcement
Last month, Finance Magnates reported that Binance
had collaborated with Thai law enforcement, which contributed to dismantling cryptocurrency scam networks. Binance's Investigations team worked with the Cyber Crime Investigation Bureau (CCIB) of the Royal
Thai Police. In one case, they tackled a "pig butchering" scam, resulting in the arrest of five key
individuals and the seizure of assets worth THB 10 billion ($277 million), benefiting over
3,200 victims.
Furthermore, Binance played a role
in exposing and disrupting another crypto scam, leading to arrests across 30
locations and the seizure of assets, including 16 luxury residences, 12
vehicles, and THB 16 million.
Tareq is a financial writer with 15 years of experience covering global markets. His work spans technical analysis, forex broker reviews, and market sentiment, with a focus on topics relevant to retail traders. He joined Finance Magnates in 2023.
At Finance Magnates, he serves as News Editor, covering retail forex and CFD brokers, cryptocurrency exchanges, fintech firms, and regulatory developments shaping the trading industry. He holds an Honours degree in Information Technology from Anfell College, London.
Education:
Honours degree Information Technology, Anfell College, London
Finance Magnates Awards 2026 – Nominations Now Open
Finance Magnates Awards 2026 – Nominations Now Open
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
