#$2B Investment from Abu Dhabi's MGX
#$2 billion in the cryptocurrency exchange #Binance
📅 March 16, 2025
Abu Dhabi's investment group MGX has recently invested $2 billion in the cryptocurrency exchange Binance, marking its first institutional investment.
This investment aligns with the UAE’s vision to become a global hub for digital assets and cryptocurrency as the country diversifies its economy. MGX CEO Ahmed Yahya emphasized their commitment to advancing blockchain technology.
Additionally, reports suggest that Donald Trump’s family has been in talks to buy shares in Binance. These discussions began when Binance offered Trump allies a trade deal to help the company re-enter the U.S. market. Founder Changpeng Zhao (CZ) has even sought a pardon from the White House, which could influence the potential deal.
These developments highlight Binance’s growing global presence and its evolving relationships with the UAE and potential U.S. partners.
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