The crypto exchange is a joint venture between Binance and Thailand's Gulf Innova. Binance and Gulf Innova, a subsidiary of Gulf Energy Development, said that their joint venture crypto exchange Binance Thailand is now open for trading. “We are deeply humbled to finally announce the launch of our local platform to the general public in Thailand. Over the past year, we have been working closely with Thai regulators, putting substantial effort into detailed planning,” Nirun Fuwattananukul, CEO of Gulf Binance, said in a statement.