Long-term benefits!!!
The artificial intelligence and advanced technology investment firm MGX in Abu Dhabi has announced a $2 billion investment in Binance, the world's largest cryptocurrency exchange, acquiring a minority stake.
This is Binance's first acceptance of institutional investment and MGX's first foray into the cryptocurrency industry. The investment will be paid in stablecoins, but the specific stablecoin used has not been disclosed. MGX previously focused on artificial intelligence, and the collaboration with Binance aims to promote the innovative integration of artificial intelligence, blockchain technology, and finance.
Binance has significant influence in the UAE, a country known for its innovative, advanced cryptocurrency regulation and clear digital asset framework. Currently, Binance employs about 1,000 people in the UAE, a substantial portion of its global workforce of more than 5,000.
Binance CEO Richard Teng stated that this investment is not only an important milestone for Binance but also a critical moment for the entire cryptocurrency industry. He emphasized that Binance will continue to work with global regulatory bodies to promote transparency, responsibility, and forward-thinking policy-making in the cryptocurrency sector, while also increasing investment in security and compliance to strengthen trust and stability in the industry.
MGX CEO Ahmed Yahia stated that the investment in Binance reflects MGX's commitment to advancing the transformative potential of blockchain in digital finance. He pointed out that with the acceleration of institutional adoption, the demand for secure, compliant, and scalable blockchain infrastructure and solutions is unprecedented. MGX and Binance are jointly committed to building a more inclusive and sound digital financial ecosystem.
This investment reinforces Binance's position at the forefront of the cryptocurrency revolution and highlights MGX's commitment to promoting AI-driven blockchain solutions, decentralized finance (DeFi), and the tokenized digital economy. $BNB #MGX投资币安
