Abu Dhabi’s MGX Invests $2B in Binance — A Landmark Deal
Binance has received a $2 billion investment from MGX, a major Abu Dhabi-based firm.
• The investment was made in stablecoins, though the exact type wasn’t disclosed.
• MGX is backed by powerful UAE entities and has an AI + blockchain-driven vision.
• Binance reportedly has a large presence in UAE (about 1,000 of its total staff), which ties into its regional strategy.
Implications: Strengthens Binance’s ties to the UAE — could accelerate its expansion, compliance, and innovation in blockchain + finance.
#Binance #Investing #CryptoNews #blockchain
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