--- title: "Thailand's Power Gulf Energy Reveals its Investment in Binance US" description: "Development in Cryptocurrency is at its peak and popularized among giant investors, Thailand's power Gulf Energy confirms investment in Binance US." author: "Sanjay Goenka" published: 2022-04-19 canonical: https://www.mindstick.com/news/1581/thailand-s-power-gulf-energy-reveals-its-investment-in-binance-us category: "cryptocurrency" tags: ["technology", "cryptoexcchange", "technology news", "cryptocurrency"] reading_time: 2 minutes --- # Thailand's Power Gulf Energy Reveals its Investment in Binance US Thailand’s giant **energy-based company** has recently confirmed its investment in **[Binance](https://www.mindstick.com/news/1151/binance-turkey-unit-slapped-with-try-8-million-for-violations-of-digital-currency-laws)** US. The development comes after the surging demands and interests of people and investors. ## Highlights ``` Globally firms are the fast pumping funds into crypto companies Energy companies of the Gulf have a fair amount of BNB tokens The company has not disclosed the value of the investment ``` **Also Read: [Binance Turkey unit Slapped With TRY 8 Million For Violations Of Digital Currency Laws](https://www.mindstick.com/news/1151/binance-turkey-unit-slapped-with-try-8-million-for-violations-of-digital-currency-laws)** A Gulf energy [sector company](https://answers.mindstick.com/qa/38162/which-public-sector-company-collaborated-with-samsung-india-and-announced-the-availability-of-samsung-pay-for-higher-variants-of-it-s-debit-card-giving-a-major-boost-to-government-s-digital-india-initiative) in the list of **Thailand’s Unicorns**, Gulf Energy Development Public Company Limited disclosed its investment based on the strategic system in Binance US through its Gulf International Investment Limited. The company is a *Hong-Kong based* and wholly-owned subsidiary. The company has disclosed the investment in Binance through a filing lodged, it made in the [Stock Exchange](https://yourviews.mindstick.com/story/3605/sebi-planning-to-introduce-same-day-settlement-on-stock-exchange) of Thailand. The announcement also said the Company’s Injected Capital will be used to expand the [trading platform](https://www.mindstick.com/articles/44575/what-to-look-for-when-choosing-a-trading-platform)’s staff strength and launch several growth-focused programs in the US. The filing can be read as “Binance US will use the proceeds from the seed funding to expand headcount, launch ROI-based [marketing efforts](https://www.mindstick.com/articles/85577/tracking-your-marketing-efforts-why-it-s-important-and-how-to-make-a-start), expand its product portfolio and make potential future acquisitions before its planned **[Initial Public Offering (IPO)](https://www.mindstick.com/news/1090/snapdeal-applied-for-ipo-object-is-to-raise-rs-1-250-crore-through-fresh-issues-of-shares)** in 2 to 3 years. As such, the investment in Binance US not only provides an opportunity for the company to participate in one of the fastest user scale-up exchanges in the world but also realise potential higher investment value post-Binance US’ IPO,” Company Filing said. Besides this investment, Company also has a fair amount of the **BNB tokens** which shows the company is trying to solidify its relationship with the establishment of a [joint venture](https://www.mindstick.com/news/4046/equinix-partners-in-15-billion-joint-venture-to-expand-u-s-data-centers) in which a new [crypto trading](https://answers.mindstick.com/qa/100341/how-to-maximizing-profit-in-crypto-trading-the-best-crypto-strategy) platform will be floated. **Also Read: [A Ukrainian Withdrawn Cash in Poland from Crypto Wallet, all process took Just 3 minutes only](https://www.mindstick.com/news/1566/a-ukrainian-withdrawn-cash-in-poland-from-crypto-wallet-all-process-took-just-3-minutes-only)** --- Original Source: https://www.mindstick.com/news/1581/thailand-s-power-gulf-energy-reveals-its-investment-in-binance-us Copyright © MindStick Software Pvt. Ltd. This Markdown version is provided for developers, AI systems, and offline reading.