{"id":24322,"date":"2022-04-18T13:03:19","date_gmt":"2022-04-18T17:03:19","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=24322"},"modified":"2022-04-18T13:03:26","modified_gmt":"2022-04-18T17:03:26","slug":"thailand-gulf-energy-partners-with-binance","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/thailand-gulf-energy-partners-with-binance\/","title":{"rendered":"Thailand-based Gulf Energy partners with Binance to operate a crypto exchange"},"content":{"rendered":"\n
Thailand-based Gulf Energy has made significant investments in cryptocurrency exchange Binance US<\/a> and has also highlighted its pursuit of a joint venture with the global Binance exchange.<\/h5>\n\n\n\n
\"Thailand-based
Thailand-based Gulf Energy partners with Binance to operate a crypto exchange<\/figcaption><\/figure><\/div>\n\n\n\n

Binance cryptocurrency exchange has created a joint venture with Gulf Energy Development\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, owned by billionaire Sarath Ratanavadi, and will apply for a license to run a digital asset trading platform in Thailand.<\/p>\n\n\n\n

Gulf Energy declared its investment in “Series Seed Preferred Stock issued by BAM Trading Services Inc.,” the operator of Binance US, in a regulatory filing on April 18.<\/p>\n\n\n\n

Gulf Energy's investment in Binance US gives it access to “one of the world's fastest user scale-up exchanges” well ahead of the exchange's scheduled initial public offering, according to the company.<\/p>\n\n\n\n

Binance's global cryptocurrency exchange's CEO, Changpeng Zhao, revealed in July 2021 that the company was looking into options for a public offering<\/a>.<\/p>\n\n\n\n

Gulf Energy reported in a separate filing on Monday that it is pursuing a “joint venture” with Binance to run a cryptocurrency exchange in Thailand.<\/p>\n\n\n\n

The newly created organization will apply for digital asset licenses with the appropriate authorities once the joint venture is founded. Gulf Energy's report also revealed investments in Binance Coin (BNB)<\/a>, the Binance ecosystem's native crypto asset.<\/p>\n\n\n\n

Gulf Energy and Binance have been working together for several months as the cryptocurrency exchange seeks to re-establish operations in the Southeast Asian country.<\/p>\n\n\n\n

Thailand's securities authority<\/a> accused Binance of illegally conducting a digital asset business in the country in July 2021. Several additional governments, including Japan, the United Kingdom, Germany, the Cayman Islands, and the Canadian state of Ontario, investigated Binance.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Thailand-based Gulf Energy has made significant investments in cryptocurrency exchange Binance US and has also highlighted its pursuit of a joint venture with the global Binance exchange. Binance cryptocurrency exchange has created a joint venture with Gulf Energy Development , owned by billionaire Sarath Ratanavadi, and will apply for a license to run a digital […]<\/p>\n","protected":false},"author":12,"featured_media":24328,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[834],"tags":[326,1406,9214,2125],"class_list":["post-24322","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-binance","tag-binance","tag-crypto-exchange","tag-gulf-energy","tag-thailand"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/04\/image-115.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/24322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=24322"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/24322\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/24328"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=24322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=24322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=24322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}