In the ranking of cryptocurrency exchanges in terms of trading volume, Binance ranks first. Despite the problems of this company in some countries, it continues to gain a foothold in new markets.
The structure of the Thai billionaire Saratha Rathanawadi Gulf Energy Development PCL will act as a partner of Binance. The parties plan to launch a bitcoin platform in Thailand. This country is considered by Changpeng Zhao as one of the most promising markets.
Thailand's economy has been hit hard during the pandemic. Experts believe that the launch of the crypto exchange will create conditions for the inflow of capital into the local market. The new trading platform will focus not only on retail traders but also on institutional capital.
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Over the past few years, Binance has been making every effort to gain a foothold in several markets at once.
The representative of the exchange emphasized: "We support the growth of the blockchain industry worldwide and are constantly exploring opportunities to expand our business in different countries."