Binance's joint venture Gulf Binance with Gulf Innova has been approved by the Thai SEC and plans to launch services early next year

ChainCatcher news, according to The Block, Gulf Binance, a joint venture between Binance and Gulf Innova, will initially provide services to users through an invitation mechanism and plans to open services to the public early next year.

Gulf Energy Development stated that Gulf Binance has received approval from the Thai SEC to begin operating its trading platform. Gulf Binance's digital asset platform will offer digital asset trading and brokerage services, prioritizing security and compliance with Thai SEC regulations.