Binance, a leading cryptocurrency exchange, is set to launch a crypto exchange in Thailand by early 2024 in collaboration with Gulf Energy Development, one of Thailand’s leading energy companies. The venture, named Gulf Binance, will initially operate on an invitation-only basis, with a public rollout scheduled for early 2024 following approval from the Securities and Exchange Commission. This move aims to demonstrate the potential of blockchain technology to local users. Gulf Energy is a significant player in Thailand’s energy sector and has shown a growing interest in the cryptocurrency industry.