Tag: Binance

Binance kicks off transition to new platform in Japan

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After five years out of the Japanese market, crypto exchange Binance has begun the process of establishing a new and fully regulated subsidiary in the country. The move follows the acquisition of the regulated crypto exchange Sakura Exchange Bitcoin (SEBC) in November 2022.  As part of the deal, SEBC will cease its current services by May 31 and reopen as Binance Japan in the coming weeks. Users of the exchange’s global platform in the country will have to register with the new entity. The migration will be available after August…

Binance sets foot in southeast Asia, collaborates with Gulf Energy in Thailand

The world’s largest crypto exchange Binance has acquired the first license to expand its business to Southeast East through a joint venture with Gulf Energy that starts in Q4 2023. Binance in Bangkok The digital asset market in Thailand is likely to change due to the arrival of the top cryptocurrency in the world in trading volume. The Securities and Exchange Commission of Thailand on May 26 ratified the joint operations between Binance and Gulf Energy development to run a digital asset and brokerage exchange. The license is the first…

Multichain Bridge Shunned by Binance, Other Crypto Players as Rumors Swirl

Like most bridges, Multichain uses a mint-and-lock mechanism to move assets between the 92 blockchains it interacts with. For example, if a holder of USDC stablecoin bridges the asset from Ethereum to Fantom via Multichain, the token gets locked up in a smart contract on Ethereum and then issued anew on Fantom – in this case, as a “wrapped” token called anyUSDC. Source

Binance and Gulf Innova Lands Approval to Operate JV in Thailand

The launch of the crypto exchange in Thailand comes at an opportune time, as the country continues to embrace digital innovation and blockchain technology. The world’s largest crypto exchange Binance has teamed up with Gulf Innova Co Ltd, a major technology firm in the Gulf area, to launch a new crypto exchange in Thailand. With the launch scheduled for the fourth quarter of 2023, this collaboration could shape the future of Thailand’s crypto landscape. Binance shared the announcement in a blog post, stating that its joint venture with Gulf Innova…

Gulf Binance Clinches Digital Asset Operator License in Thailand

“By harnessing Binance’s expertise together with Gulf’s established local presence and network, Gulf Binance aims to showcase the full potential of blockchain technology to meet the needs of Thai users, Binance Head of Asia, Europe, and MENA Richard Teng said in a statement. Gulf Energy is one of Thailand’s largest private power producers. Source

Binance Japan Representative Says Stablecoins Are ‘the Glue’ Between the Real Economy and Blockchain

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Binance and Gulf Innova to launch crypto exchange in Thailand in Q4 2023

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Cryptocurrency exchange Binance continues expanding its global reach by securing new regulatory approvals in Thailand. Gulf Binance — a joint crypto venture of Binance and Gulf Energy’s innovation arm Gulf Innova — has received digital asset operator licenses from Thailand’s Ministry of Finance. The licenses enable the firm to operate a crypto exchange regulated by the country’s Securities and Exchange Commission. Announcing the news on May 26, Binance said Gulf Binance is set to launch a new digital asset exchange in Thailand by Q4 2023. The new crypto venture will…

Binance enters the NFT lending market with loan service

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance is preparing to roll out a new product that would enable non-fungible token (NFT) holders to borrow crypto against NFT assets.  Binance NFT loan supports only ethereum borrowing  Crypto exchange giant Binance will launch the Binance NFT loan service on May 26, according to an announcement. The new product, which comes nearly two years after the unveiling of the Binance NFT marketplace,  will support ethereum loans for now, along with high-valued NFT collections like Bored…

Binance Introducing NFT Lending Capability

The new service, called Binance NFT Loan, “will allow people to use blue-chip NFTs to borrow crypto, starting with ETH, introducing the benefits of DeFi to the Binance NFT community,” Binance said in a press release. According to the platform, the tool offers competitive interest rates, instant liquidity, zero gas fees and liquidity protection. Source

Binance assists US in freezing $4.4m tied to North Korea

Crypto exchange Binance has announced its collaboration with US law enforcement agencies, seizing $4.4 million worth of crypto assets connected to cybercrime organizations operating in North Korea. In a series of tweets on May 25, Binance revealed that its investigations team actively worked with US authorities to disrupt the illicit revenue-generating activities of four now-sanctioned entities based in North Korea. The coordinated efforts were undertaken in compliance with lawfully served warrants and close cooperation with law enforcement, according to Binance. The Department of the Treasury’s Office of Foreign Assets Control…