Binance to Apply for License to Operate Digital Asset Trading Platform in Thailand

Cryptocurrency exchange Binance has formed a joint venture (JV) with Gulf Energy Development Company (Sarath Ratanavadi) . Binance will apply for a license to operate as a digital asset trading platform in Thailand.

Taking advantage of London's largest financial event.

Binance has partnered with Gulf Energy Development to address the growing demand for cryptocurrencies in Thailand. In addition, Gulf Energy is rumored to invest in BNB (Binance Coin).

Binance Coin is a global leader in blockchain infrastructure technology and aligns with the company's goal of becoming an opportunity leader in the digital infrastructure space while supporting the company's plans to further expand into other digital asset-related initiatives in the future," Gulf Energy said in a regulatory filing with the Stock Exchange of Thailand.