A huge investment in the Binance ecosystem 🤩
MGX Investment Group, an Abu Dhabi-based artificial intelligence ( #AI ) and advanced technology investor, has invested $2 billion in Binance.
This move made history as the first major institutional investment in Binance. The aim was to strengthen the adoption of digital assets and the role of blockchain in the global market. MGX CEO Ahmed Yahia emphasized this in his statement. Yahia also emphasized the institutionalization of the crypto ecosystem.
MGX Investment Group is making its first step into the blockchain ecosystem with the largest investment in crypto history to move the economy of the United Arab Emirates out of oil. This was a very, very, very, very valuable investment.
Binance CEO Richard Teng said in a statement that this investment is an important milestone for the crypto ecosystem. Underlining that this move will help it cooperate with more regulators, Teng added that it will also increase the interest of institutional investors in the sector.
This post is news content and never contains investment advice. Thank you very much for reading. I wish everyone good earnings 🫶🏽
