Binance receives record $2 billion investment from MGX

Binance, the world’s largest cryptocurrency exchange, and MGX, an advanced technology investor based in Abu Dhabi, have announced a significant $2 billion investment deal. This transaction marks the first institutional investment in Binance and is the largest investment ever made in a crypto company, as well as the largest investment ever paid in crypto (stablecoin).

This investment signifies MGX’s first venture into the cryptocurrency and blockchain sectors, securing a minority stake in Binance. This is part of MGX’s broader strategy to support the transformative impact of blockchain on society. By partnering with Binance, MGX aims to drive innovation at the intersection of AI, blockchain technology, and finance.

Binance has a considerable presence in the UAE, a country recognized for its innovative, progressive cryptocurrency regulation, and clarity in digital asset frameworks. Presently, Binance employs approximately 1,000 of its global workforce of around 5,000 in the UAE. As the world’s most secure, licensed, and trusted cryptocurrency exchange, Binance leads the industry by a significant margin. It is larger than the next several cryptocurrency exchanges combined by trading volume, boasting over 260 million registered users and surpassing $100 trillion in cumulative trading volume.

Ahmed Yahia, Managing Director & CEO of MGX, stated that MGX’s investment in Binance reflects their commitment to advancing blockchain’s transformative potential for digital finance. He emphasized the increasing need for secure, compliant, and scalable blockchain infrastructure and solutions as institutional adoption accelerates. Binance has been a driving force in cryptocurrency innovation, from exchange technology and tokenization to staking and payments. Together, MGX and Binance aim to build a more inclusive and robust digital finance ecosystem.