Crypto exchange Binance on Wednesday announced a landmark $2 billion investment from Abu Dhabi-based MGX, marking the first institutional investment in the company, the largest investment ever made into a cryptocurrency firm.
The deal apparently highlights Binance’s growing influence in the global digital asset market and MGX’s entry into the sector, reinforcing the UAE’s role as a hub for innovative finance.
The investment secures MGX a minority stake in Binance, aligning with its broader mission to harness AI and blockchain technology.
The $2 billion investment, executed in stablecoin, surpasses all previous crypto company funding rounds and …
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