Cryptocurrency exchange Binance is focusing on Thailand as a key market in its efforts to reach one billion users. Binance sees Thailand as a crypto-friendly country with open regulations, which is driving its growth in the market. Thailand is currently among Binance's top 20 markets globally, with a crypto penetration rate of 12%, double the global average. Binance aims to reach a 20% global adoption rate within three years. Thailand itself is also embracing crypto, with the launch of a stablecoin-powered cross-border payment system and the establishment of a digital asset regulatory sandbox to encourage crypto adoption.
- Content Editor ( crypto.news )
- 2024-11-05
Binance bets on Thailand as region signals supportive crypto approach