Cryptocurrency exchange Binance and MGX, the Abu Dhabi-based AI and advanced technology investor, have announced a landmark $2-billion investment.
The transaction, the first institutional investment in Binance to date, is the single largest investment into a crypto company and the largest investment ever paid in crypto (stablecoin).
The investment represents MGX’s first entry into the cryptocurrency and blockchain sectors, securing a minority stake in Binance as part of a broader strategy to support blockchain’s transformative impact on society.
Binance has a substantial footprint in the UAE, employing about 1 000 of its approximately 5 000 global workforce there.
The exchange has over 260-million registered users and surpasses $100-trillion in cumulative trading volume.
Ahmed Yahia, MD and CEO of MGX, says: “MGX’s investment in Binance reflects our commitment to advancing blockchain’s transformative potential for digital finance. As institutional adoption accelerates, the need for secure, compliant, and scalable blockchain infrastructure and solutions has never been greater. Binance has long been a driving force in cryptocurrency innovation, from exchange technology and tokenization to staking and payments. Together, we are committed to building a more inclusive and robust digital finance ecosystem.”
Binance CEO Richard Teng adds: “This investment by MGX is a significant milestone for the crypto industry and for Binance. Together, we are shaping the future of digital finance. Our goal is to build a more inclusive and sustainable ecosystem, with a strong focus on compliance, security, and user protection. Binance remains committed to working with regulators worldwide to establish transparent, responsible, and forward-thinking policies for the crypto industry. Our ongoing investments in security and compliance reinforce our mission to foster a secure and trusted digital financial ecosystem.”