MGX backs Binance in a historic investment
March 12, 2025
The $2 billion investment is:
The largest individual investment in a cryptocurrency company
The largest investment made in cryptocurrencies (stablecoin)
And, the first institutional investment in Binance
New York - Abu Dhabi, March 12, 2025 – Binance, the world's largest cryptocurrency exchange platform, and MGX, the Abu Dhabi-based investor in artificial intelligence and advanced technology, have announced a historic investment of $2 billion. This transaction, the first institutional investment in Binance to date, marks a significant step in advancing the adoption of digital assets and strengthening the role of blockchain in global finance. It is also the largest individual investment in a cryptocurrency company and the largest investment ever made in cryptocurrencies (stablecoin).
This investment represents MGX's first foray into the cryptocurrency and blockchain sectors, obtaining a minority stake in Binance as part of a broader strategy to drive the transformative impact of blockchain on society. By partnering with the industry leader, MGX aims to foster innovation at the intersection of AI, blockchain technology, and finance.
Binance has a significant presence in the United Arab Emirates, a country known for its innovation, progressive cryptocurrency regulation, and clarity in digital asset frameworks. Currently, Binance employs approximately 1,000 of its 5,000 global employees in the United Arab Emirates. As the world's most secure, authorized, and trusted cryptocurrency exchange platform, Binance leads the industry by a significant margin.
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