Binance and MGX Announce $2 Billion Investment in Cryptocurrency Exchange
In a groundbreaking move, Binance, the world’s largest cryptocurrency exchange, has partnered with MGX, an Abu Dhabi-based AI and technology investor, to secure a landmark $2 billion investment. This significant transaction marks the first institutional investment in Binance and represents the largest investment ever paid in crypto (stablecoin). The collaboration aims to advance digital asset adoption and reinforce blockchain’s role in global finance.
MGX’s entry into the cryptocurrency and blockchain sectors signifies a strategic move to support blockchain’s transformative impact on society. By acquiring a minority stake in Binance, MGX aims to drive innovation at the intersection of AI, blockchain technology, and finance.
Binance, known for its substantial presence in the UAE, employs around 1,000 of its global workforce in the nation. With over 260 million registered users and exceeding $100 trillion in cumulative trading volume, Binance leads the industry in terms of security, licensing, and trustworthiness. This investment solidifies Binance’s position as a pioneer in the crypto revolution.
Ahmed Yahia, Managing Director & CEO of MGX, expressed the company’s commitment to advancing blockchain’s potential for digital finance. He emphasized the need for secure, compliant, and scalable blockchain infrastructure to support institutional adoption. Binance CEO, Richard Teng, highlighted the partnership’s focus on building a more inclusive and sustainable digital finance ecosystem with a strong emphasis on compliance, security, and user protection.
Richard Teng’s previous experience as CEO of the Abu Dhabi Financial Services Authority, where he played a key role in establishing crypto regulatory frameworks, adds value to Binance’s regulatory strategy.
About MGX
MGX is a technology investment company focused on accelerating the development and adoption of AI and advanced technologies through strategic partnerships in the UAE and globally. The company invests in sectors where AI can deliver value and economic impact at scale, including semiconductors, infrastructure, software, life sciences, and physical AI.
About Binance
Binance is a leading global blockchain ecosystem known for its cryptocurrency exchange with the largest trading volume and registered user base. Trusted by over 260 million individuals in 100+ countries, Binance offers top-notch security, transparency, and a wide range of digital asset products and services. The platform is dedicated to creating an inclusive crypto ecosystem to enhance financial access and freedom worldwide.
For more information, visit: https://www.binance.com.
#Featuredpost
