Gulf Energy, Binance announce Thailand crypto partnership


FILE PHOTO: A representation of cryptocurrency Binance is seen in this illustration taken August 6, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

BANGKOK (Reuters) - Binance, one of the world's biggest cyrptocurrency exchange by trading volume, will set up a crypto exchange with Thailand's Gulf Energy Development, both firms said on Monday.

Gulf Energy in a disclosure to the stock exchange said its agreement with Binance is a response to the rapid growth in digital asset infrastructure in Thailand.

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