Binance raised a record $2 billion in investments from MGX
Author - Mansur Ismagulov
The Tech AI
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Binance received a $2 billion investment from MGX (Abu Dhabi) — the largest institutional investment in the crypto industry, funded by stablecoins. MGX acquired a minority stake to support AI-driven and DeFi solutions. The partnership aims to develop blockchain infrastructure; Binance is expanding its presence in the UAE with 1,000 employees.
Cryptocurrency exchange Binance received a $2 billion investment from MGX, an Abu Dhabi-based company specializing in AI and technology. This is the largest institutional investment in Binance and the first deal in the crypto industry financed in stablecoins.
MGX acquired a minority stake in Binance, aligning with its strategy of supporting AI-driven solutions, DeFi, and tokenized assets. The partnership aims to develop secure and regulated blockchain infrastructure.
With 1,000 employees in the UAE, Binance is expanding its presence in the region, strengthening its leadership in AI-driven innovation. The deal also positions MGX as a key player in the institutional adoption of cryptocurrencies.
Source: Binance
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