Showing 2 Result(s)

Gulf Energy makes investment in Binance.US and BNB as part of JV

An energy company in Thailand owned by billionaire Sarath Ratanavadi today announced investments in Binance.US and BNB tokens. Gulf Energy Development Public Company Limited said in a regulatory filing on April 18 that it had, through a subsidiary, made an investment in “series seed preferred stock” issued by BAM Trading Services Inc., operator of Binance.US. The exchange announced a $200 million raise at a $4.5 billion valuation on April 6. Per a separate filing on April 18, Gulf Energy has …

Binance partners with Thai billionaire for crypto exchange in the country

Binance has teamed up with Gulf Innova Company — a wholly-owned subsidiary of Thailand billionaire Sarath Ratanavadi’s Gulf Energy Development Public Company — to set up a crypto exchange in the country. Gulf Energy announced the news in a letter to the Stock Exchange of Thailand on Monday, saying that it foresees “rapid growth” in Thailand’s digital infrastructure and that Binance’s partnership will help develop that infrastructure. Gulf Energy established Gulf Innova last month to enter the digital infrastructure industry. At the time, the …