Thai energy company Gulf forays into crypto market via Binance tie-up

Move marks another step in broader efforts to diversity

20220418N Binance

Binance has no fixed headquarters and is barred from providing services in Singapore and the U.K. © Reuters

YOHEI MURAMATSU, Nikkei staff writer

BANGKOK -- Gulf Energy Development, one of Thailand's largest private power producers, is creating a joint venture with cryptocurrency trading platform Binance with the aim of entering the digital asset exchange business here.

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