Main page News, Thailand, Cryptocurrency Exchanges, Binance

Binance has just formed a joint venture with Gulf Energy Development, owned by Thai billionaire Sarath Rathanawady, which plans to apply for a cryptocurrency exchange license in the country.

As per the letter sent by the company to the Stock Exchange of Thailand, its subsidiary has invested in BNB tokens.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

In another notice, Gulf Energy has announced its Hong Kong subsidiary has participated in a seed funding round in which Binance.US has raised $200 million. However, Gulf Energy has not reported how much it has invested in the exchange.

According to the press release:

"The company believes that this multi-level cooperation with Binance, which is the global leader in blockchain infrastructure technology, is aligned with the company’s target to be the leader in digital infrastructure."

Binance and Gulf Energy signed a memorandum of understanding in January to explore the possibility of launching a cryptocurrency exchange in Thailand.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

Read also:
Strawberry Cake Media Corp. © 2024 Cookie Policy Editorial team Archive

ihodl.com is an illustrated edition about cryptocurrencies and financial markets.
Every day we publish the best materials for everyone interested in economy.