US EditionAbu Dhabi’s MGX to invest $2bn in crypto exchange Binance
- Abu Dhabi investment group MGX has made a $2 billion investment in Binance, marking the first institutional investment by the cryptocurrency exchange.
- The investment was made in stablecoin, which is pegged to fiat currency like the dollar, according to statements from Binance and MGX.
- MGX aims to support the United Arab Emirates' goal of becoming a global center for digital assets and to diversify its economy.
- MGX CEO Ahmed Yahia stated the investment shows commitment to the transformative potential of blockchain in digital finance.
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Institutional Momentum: MGX's $2 Billion Investment Signals New Era for Binance | 📲 LatestLY
On March 12, 2025, Binance announced that MGX, Abu Dhabi's technology investment arm, would inject $2 billion into the exchange, representing one of the largest single investments in cryptocurrency history. This capital infusion comes at a time when regulatory frameworks around digital assets are maturing globally, positioning Binance to capitalize on the evolving landscape. 📲 Institutional Momentum: MGX's $2 Billion Investment Signals New Era …
Crypto exchange Binance gets $2 billion investment from Abu Dhabi's MGX
DUBAI :Abu Dhabi investment group MGX has invested $2 billion worth of cryptocurrency into Binance, in what the world's largest cryptocurrency exchange said on Wednesday was its first institutional investment. Binance and MGX said in statements posted on their website that the investment was made in stablecoi
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