Binance entry set to change industryGulf Energy Development teams up with Binance to study a digital asset exchange in Thailand. (Photo captured from Gulf Energy Development Plc website)Binance's entry into the Thai digital asset industry should increase competition, decrease trading fees and encourage productivity and improvements in service quality, according to leading market participants. Once it gains 30-40% of the market share in each industry, it looks to invest in other businesses, he said. With cooperation from Binance, Gulf has a chance of becoming the largest player in the Thai digital asset industry as well, he said. According to CoinGecko.com, Binance ranked first among 500 cryptocurrency trading platforms in terms of trading volume at US$13.9 billion per day.

Source: Bangkok Post January 19, 2022 11:32 UTC