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Bangkok Post
Bangkok Post
Business

Gulf Energy to seal crypto JV with Binance in Q2

Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, and Litecoin are seen in front of a displayed Binance logo on June 28, 2021. (Reuters photo)

Power producer Gulf Energy Development Plc expects to finalise a joint venture with the world's biggest cryptocurrency exchange, Binance, in the second quarter this year, a senior executive told Reuters in an interview.

"Once we conclude talks with Binance on business model and shareholder agreements, a JV will be formed, which will apply for the license with regulators," Gulf chief financial officer Yupapin Wangviwat said.

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