Binance Announces Historic $2 Billion Investment From Abu Dhabi’s MGX

In a massive development, Binance has announced a historic $2 billion investment from the Abu Dhabi-based investment firm. This marks the single largest investment in a crypto company, and the sum was also notably paid in crypto.

Binance Announces $2 Billion Investment From MGX

In a blog post, Binance announced that it has received a landmark $2 billion investment from MGX, an Abu Dhabi-based AI and advanced technology investor. The top crypto exchange noted that this $2 billion investment is the largest investment into a crypto company.

It is also the largest investment an investor has made in crypto, a stablecoin, to be precise. Meanwhile, this is also the first institutional investment in the crypto exchange, which currently holds the reputation as the largest exchange by market share.

With this $2 billion investment, MGX has acquired a minority stake in the crypto exchange. Binance noted that this transaction marks a significant step in advancing digital asset adoption and reinforcing blockchain technology’s role in global finance.

This investment represents MGX’s entry into the blockchain and crypto world, as part of the firm’s strategy to support blockchain’s “transformative impact on society.” Binance stated that the firm aims to enable innovation at the intersection of AI, blockchain technology, and finance through its partnership with the leading player.

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