MGX Backs Binance In Landmark Investment .
New York - Abu Dhabi, 12 March 2025 – Binance, the world’s largest cryptocurrency exchange, has secured a historic $2 billion investment from MGX, an Abu Dhabi-based AI and technology investor. This marks Binance’s first institutional investment and the largest-ever crypto-funded deal.
MGX acquires a minority stake as part of its strategy to drive AI-powered blockchain innovation. Binance, employing ~1,000 staff in the UAE, remains the leading exchange with over 260M users and $100T+ in cumulative trading volume.
Binance CEO Richard Teng called the investment a milestone for crypto, reinforcing Binance’s commitment to compliance, security, and global adoption. MGX CEO Ahmed Yahia emphasized the partnership’s role in shaping a scalable, secure digital finance ecosystem.