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Gulf Binance, a collaborative venture between global cryptocurrency exchange Binance and Thailand’s Gulf Innova, has officially launched its exchange services in Thailand. On Jan. 16, Binance TH announced that its exchange is now open to all eligible users. According to reports, it Features a dedicated order book for Thai baht trading pairs. Additionally, the platform boasts seamless integration with Thailand’s banking systems, simplifying local currency deposits and withdrawals. #Binance TH by Gulf Binance, licensed by Thailand’s Ministry of Finance and regulated by Thailand SEC, is now accessible to all eligible users. Gulf Binance, the joint venture between Binance’s subsidiary and Gulf Innova, will be offering THB deposits and withdrawals. — Binance (@binance) January 16, 2024 The launch follows two months after Binance secured authorization from Thailand’s Securities and Exchange Commission (SEC) to start operations, initially on an invite-only basi...

South Korea’s biggest cryptocurrency exchange , Upbit, will enable trading of ASTR, the utility token of the Astar Network, at 6 PM local time on Monday, December 18. The rollout of the Won-ASTR trading pair will see some initial restrictions on trading as part of the exchange ’s goal to maintain a safe trading environment. Upbit will enable only deposits directly from the Astar Network, and buy orders will, in the first five minutes, be limited. Additionally, the South Korean exchange will initially limit sell orders to prices 10% below the previous close or lower, and market price and pre-orders will be restricted in the first hours. The addition of ASTR to Upbit comes in the year in which the Astar Network implemented several major upgrades. In June, it unveiled its “Astar 2.0 Vision” – an outline of its long-term plans in terms of developing tokenomics, organizing its structure, and building a technological framework.  The Astar Network stated that its goal is to ac...

One of the world’s oldest cryptocurrency exchanges, Bitstamp, is trying to scale its operations with new fundraising advised by Galaxy Digital. Bitstamp, one of the world’s longest-running crypto currency exchange s, is moving forward with its global expansion ambitions, reportedly working to raise new funds to scale operations. Crypto exchange Bitstamp started the fundraising process in late June, with Michael Novogratz’s Galaxy Digital Holdings acting as an adviser, Bloomberg reported on Aug. 7. The firm plans to use the raised capital to launch derivatives trading in Europe in 2024 and expand several of its served markets in Asia. Bitstamp is also looking to scale its services in the United Kingdom, the report notes. Bitstamp’s global CEO Jean-Baptiste Graftieaux reportedly said that the company is now exclusively focused on raising money to expand the services to retail and institutional crypto clients. He added: “Bitstamp is not for sale, and we are not actively looking to s...