Thailand-based Gulf Energy has made strategic investments in cryptocurrency exchange Binance US and signaled its pursuit of a joint venture with the global Binance exchange as part of a targeted effort to gain exposure to the digital asset market.
Gulf Energy disclosed in a regulatory filing on April 18 that it invested in “Series Seed Preferred Stock issued by BAM Trading Services Inc.,” which is the operator of Binance US. The investment in Binance US gives Gulf Energy exposure to “one of the fastest user scale-up exchanges in the world” well ahead of the exchange’s planned initial public offering, the company said.
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