Binance Thailand Crypto Exchange Open for Trading

Hi NoRamp Community,

Daily News:

1) Binance Thailand Crypto Exchange Open for Trading

2) OKX Obtains VASP License in Dubai to Operate Crypto Exchange Services

3) Ubisoft Backs Another Crypto Gaming Network

4) Revolut Partners With Jabil to Scale Development of Mobile POS

5) Subscription Billing Fintech Recurly Names Joe Rohrlich as CEO

Binance Thailand Crypto Exchange Open for Trading:

• Binance and Gulf Innova have launched Binance Thailand, a joint venture crypto exchange, now open for trading to the general public in Thailand.

• Binance Thailand (Binance TH) offers digital asset exchange services with Thai baht trading pairs, integrates with local Thai banks, and partners with Binance Kazakhstan for brokerage services under Thailand’s SEC supervision.

• The exchange obtained a license from Thailand’s Ministry of Finance in May of the previous year to establish a regulated crypto exchange and broker. Binance CEO Richard Teng emphasizes their commitment to security, transparency, and quality, highlighting the strategic move as part of Thailand's growing role in the global digital finance landscape.

OKX Obtains VASP License in Dubai:

• OKX, a crypto exchange, has obtained a virtual asset service provider (VASP) license in Dubai through its local subsidiary, OKX Middle East Fintech FZE, as part of its global expansion strategy.

• The license, granted by the Dubai Virtual Assets Regulatory Authority, is currently non-operational pending fulfillment of specific conditions and localization requirements. Once operational, it will enable OKX Middle East to offer regulated virtual asset activities and spot trading services to institutional and qualified retail customers.

• Dubai has become a popular destination for crypto firms, with notable companies like Crypto.com, Hex Trust, and Nomura’s crypto arm Laser Digital also receiving VASP licenses in the region. Rifad Mahasneh, general manager for the MENA region of OKX, highlighted the region's potential as a hub for Web3 and crypto.

Ubisoft Backs Another Crypto Gaming Network:

• Ubisoft, publisher of Assassin’s Creed and Rainbow Six: Siege, is joining WeMade’s Wemix blockchain node council as a partner, becoming one of the 40 partners running validator nodes for the new Wemix 3.0 network, an Ethereum-compatible EVM blockchain.

• The Wemix 3.0 blockchain operates on a proof-of-stake authority consensus algorithm, requiring nodes to validate transactions. Ubisoft, known for its early adoption of blockchain in gaming, will be the 26th Node Council Partner (NCP) in this initiative.

• Ubisoft's involvement in the blockchain gaming space includes integrating NFTs in games and operating nodes for other blockchains like Hedera and Cronos. The company is also developing its blockchain game, Champions Tactics, and continues to explore new technologies like AI-generated game dialogue.

Revolut Partners With Jabil to Scale Development of Mobile POS:

• Jabil, a technology firm, is assisting Revolut in scaling the production of its mobile point-of-sale system, the Revolut Reader, due to increased demand following its debut in 2022.

• The collaboration leverages Jabil's expertise in product design, development, testing, and certification to expedite the market release of Revolut Reader, enhancing Revolut's offerings to business customers.

• The expansion of Revolut Reader production coincides with NRF '24, where Jabil’s technology will be showcased. This event focuses on translating retail innovations into actionable results, with discussions on AI-driven personalization and POS technologies. Revolut, having reported significant revenue growth, is looking to strengthen its position in financial services and customer experiences.

Subscription Billing Fintech Recurly Names Joe Rohrlich as CEO:

• Recurly, a company specializing in subscription billing automation, has appointed a new executive with over two decades of experience. Joe Rohrlich, previously CEO of Top Hat and a senior leader at Bazaarvoice, achieved significant revenue growth in his past roles.

• In his new position at Recurly, he aims to build upon the company's strong foundation and lead its next growth phase, focusing on strategic objectives and stakeholder value.

• Recurly, founded in 2009 and based in San Francisco, offers an integrated platform for managing subscription billing, serving thousands of clients across various industries, and handling billions of dollars in recurring revenues.

NoRamp:

NoRamp is building Web2’s favorite Web3 apps on our lightning-fast payment infra. Join our discord, dive into our our docs, or check out our website to learn more.