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MGX Invests đČ2 Billion in Binance, Marking Historic Crypto Dealââïž
Binance, the worldâs largest cryptocurrency exchange, has secured a $2 billion investment from MGX, an Abu Dhabi-based AI and technology investor. This marks the largest-ever investment in a crypto company, the biggest investment paid in stablecoin, and Binanceâs first institutional backing.
This strategic partnership strengthens Binanceâs position as the industry leader, with over 260 million users and $100 trillion+ in cumulative trading volume. MGX, entering the blockchain sector for the first time, aims to drive AI-powered blockchain solutions, DeFi, and tokenized digital finance.
Ahmed Yahia, CEO of MGX, emphasized their commitment to secure, compliant, and scalable blockchain infrastructure, while Binance CEO Richard Teng highlighted the investmentâs role in building a more inclusive and sustainable digital finance ecosystem.
Binance employs 1,000 of its 5,000 staff in the UAE, a hub for progressive crypto regulations. This deal reinforces Binanceâs commitment to compliance, security, and user protection, ensuring a trusted and transparent digital finance future.
#Binance #MGX
This strategic partnership strengthens Binanceâs position as the industry leader, with over 260 million users and $100 trillion+ in cumulative trading volume. MGX, entering the blockchain sector for the first time, aims to drive AI-powered blockchain solutions, DeFi, and tokenized digital finance.
Ahmed Yahia, CEO of MGX, emphasized their commitment to secure, compliant, and scalable blockchain infrastructure, while Binance CEO Richard Teng highlighted the investmentâs role in building a more inclusive and sustainable digital finance ecosystem.
Binance employs 1,000 of its 5,000 staff in the UAE, a hub for progressive crypto regulations. This deal reinforces Binanceâs commitment to compliance, security, and user protection, ensuring a trusted and transparent digital finance future.
#Binance #MGX
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