Bangkok Billionaire Taps Binance For New Crypto Exchange - Aliens: AI Crypto News & Markets Updates
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Bangkok Billionaire Taps Binance For New Crypto Exchange

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Crypto Briefing

Mon, Jan 17, 2022

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Thai billionaire Sarath Ratanavadi’s has entered into a partnership with Binance to set up a local crypto exchange in the country.

In a letter to the Stock Exchange of Thailand on Monday, the Gulf Innova Company announced that it had entered into a partnership with leading cryptocurrency exchange Binance.

In the memorandum announcing its cooperation with Binance, Gulf Innova explained its reasoning for the move, stating: “The company foresees rapid growth in digital infrastructure in Thailand as the economy increasingly becomes driven by innovation and technology, with digital assets and related technology playing a prominent role in improving efficiency of financial infrastructure in the country to meet the increasing demand of Thai people.” For Binance, the partnership with Gulf Innova will help the exchange find a foothold in Thailand after regulatory issues last summer.

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