Global crypto firm Binance and Thailand based energy producer Gulf Energy have entered a joint venture to establish a new digital-asset business in the country. Binance has a huge presence in Asia, and it looks like it is getting bigger.
According to a filing with the Stock Exchange of Thailand, the new venture, called Gulf Binance received approval from the Thailand Securities and Exchange Commission (SEC), to commence operations of its digital asset business earlier this month.
A New Channel For Binance
Gulf Binance’s digital asset platform will offer a comprehensive suite of services, including cryptocurrency and digital token exchange and broker services. Initially, the platform will operate on an invite-only basis. Plans are underway to expand access to digital asset services for Thai citizens in 2024.
Through this joint venture, Gulf Energy aims to enhance the level of service in Thailand’s digital asset…
