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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 …