Binance teamed up with the Thai billionaire Sarath Ratanavadi to set up a cryptocurrency venture in Thailand.
The world’s leading digital asset platform – Binance – has reportedly collaborated with the Gulf Energy Development PCL – owned by the Thai billionaire Sarath Ratanavadi. The main goal is to set up a cryptocurrency exchange in the Southeast Asian state.Thailand has recently positioned itself in the spotlight of the cryptocurrency industry as locals have started embracing the asset class.
Thailand’s authorities to open their arms to the digital asset industry. According to him, the country could multiply its GDP by six times by doing so., another initiative is coming on its way: establishing a local cryptocurrency exchange. It will result from the mutual agreement between Binance and the Nasdaq-listed company Gulf Energy Development PCL .Representatives from the conglomerate and the Thai Stock Exchange have not yet confirmed the news.
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