Binance Secures Record $2 Billion Investment from Abu Dhabi’s MGX
The deal marks the first institutional investment in Binance and the largest crypto investment ever conducted using stablecoins.
- Abu Dhabi-based MGX has invested $2 billion in Binance, securing a minority stake in the world's largest cryptocurrency exchange.
- The transaction, fully paid in stablecoins, represents the largest single investment in a crypto company to date.
- MGX, a state-backed investment firm focused on AI and blockchain, aims to drive innovation at the intersection of digital finance and advanced technologies.
- Binance CEO Richard Teng emphasized the partnership's role in fostering a secure and compliant blockchain ecosystem as institutional adoption accelerates.
- The deal strengthens Binance's presence in the UAE, which is emerging as a global hub for cryptocurrency and blockchain innovation.