Binance, the leading global cryptocurrency exchange by trading volume and users, today announced a collaboration with Satang Corporation, the leading regulated digital asset exchange in Thailand, to open a Thai Baht fiat channel on Binance.com. As of today, users can purchase cryptocurrencies using Thai Baht through the Binance Fiat Gateway: https://www.binance.com/en/buy-sell-crypto.
Recently launched in Thailand, Satang’s API Portal technology is the first of its kind in the region and enables Binance users to deposit and withdraw Thai Baht directly to their Binance accounts. Additionally, via the API portal, Satang customers can transfer directly to Binance accounts with improved asset transfer risk management while experiencing a global market.
“We are proud to collaborate with Binance in bringing digital assets to the masses in Thailand and moving Thailand’s Digital Economy forward. This marks a remarkable development in Thailand’s digital asset ecosystem and focuses on the technology powering the space, not just as an alternative to fiat currency,” said Poramin Insom, CEO and co-founder of Satang, and creator of Zcoin.
Thailand’s regulated digital asset ecosystem and blockchain development is boosted by its fast-moving and open-minded regulators. With more than 74% of its population having Internet access––one of the highest ratios in the world––Thailand is well on its way to becoming a cashless society with a large focus on digital transactions and services, such as personal loans and mobile banking applications.
With the addition of Thai Baht (THB), Binance now supports 21 fiat currencies for purchase and sale on the Binance Fiat Gateway, including Argentine Peso (ARS), British Pound (GBP), Canadian Dollar (CAD), Chinese Yuan (CNY), Colombian Peso (COP), Euro (EUR), Indonesian Rupiah (IDR), Nigerian Naira (NGN), Mexican Peso (MXN), Russian Ruble (RUB), Turkish Lira (TRY), United States Dollar (USD) and Vietnamese Dong (VND).
Binance is a blockchain ecosystem comprised of several arms to serve the greater mission of blockchain advancement and the freedom of money. Binance Exchange is the leading global cryptocurrency exchange by trading volume, with users from over 180 countries and regions. The Binance ecosystem is also comprised of Binance Labs (venture capital arm and incubator), Binance DEX (decentralized exchange feature developed on top of its native, community-driven Binance Chain blockchain), Binance Launchpad (token sale platform), Binance Academy (educational portal), Binance Research (market analysis), Binance Charity Foundation (blockchain-powered donation platform and non-profit for aiding in sustainability), Binance X (developer-focused initiative) and Trust Wallet (its official multi-coin wallet and dApps browser). For more information, visit: https://www.binance.com
Satang is the oldest operating digital asset exchange in Thailand and viewed as the leading innovator in blockchain and digital asset technology. Satang is the only digital asset exchange in Thailand to be certified with ISO 27001:2013 and ISO 27701:2019, and the first digital asset exchange in Thailand with Instant-Deposit-Withdrawal Thai Baht service. Satang offers 24-hour Bilingual (English & Thai) Support Service via Live Chat and Call Center. For more information, visit: https://www.satang.com