Gulf Energy, the energy company owned by Thai billionaire Sarath Ratanavadi, has invested in Binance US and BNB.
Gulf Energy Development Public Company Limited, through a subsidiary of Binance.US operator BAM Trading Services Inc., according to a document dated April 18. invested in shares issued by In a separate document, it was also stated that the company made an undisclosed investment in BNB Chain’s native token, BNB. The document stated that this step “aligns with the company’s goal of becoming a leader in digital infrastructure and provides further opportunities for the company to expand into other digital asset-related initiatives in the future.”
The company also said that its subsidiary, Gulf Innova, signed a shareholders agreement with Binance to set up a crypto exchange on April 13.
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