Abu Dhabi Sovereign Fund MGX invests $2 billion in Binance. This is Binance's first acceptance of investment from an institution, and it also sets a record as one of the largest single institutional investments in cryptocurrency history!

Compared to Europe and the United States, the environment in the Middle East has always been more favorable, and MGX is backed by the UAE government, which can provide Binance with regulatory stability and a better development environment, no longer swaying in the wind. In the future, the cryptocurrency market may welcome more large institutional funds~

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https://www.binance.com/zh-CN/support/announcement/detail/23d0a12bf35f42f4a9f7f0cff998ae64