Gulf Energy from Thailand has made strategic investments into cryptocurrency exchange Binance US. The company also indicated its desire to form a joint venture to expand exposure to the global Binance market.

Gulf Energy Disclosure in a regulatory filing on April 18 that it invested in “Series Seed Preferred Stock issued by BAM Trading Services Inc.,” which is the operator of Binance US. The investment in Binance US gives Gulf Energy exposure to “one of the fastest user scale-up exchanges in the world” well ahead of the exchange’s planned initial public offering, the company said.