Abu Dhabi: MGX invests $2 billion in Binance, strategic turning point for the blockchain
Name
Abu Dhabi: MGX invests $2 billion in Binance, strategic turning point for the blockchain
Description
MGX has invested $2 billion in Binance, marking the largest institutional investment in the crypto sector. The deal, conducted entirely in stablecoins, grants MGX a minority stake and reinforces Abu Dhabi’s ambition to lead in blockchain innovation.
Publish date
8:00am, Wednesday, March 12, 2025
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MGX, the leading investor in AI and advanced technologies in Abu Dhabi, has announced a significant investment of $2 billion in Binance
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This operation represents a crucial moment for Binance and for the entire cryptocurrency sector. We are working to build a more inclusive and sustainable ecosystem, with particular attention to compliance, security, and user protection
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The entry of MGX into Binance signals Abu Dhabi’s intention to position itself as a global hub for blockchain and cryptocurrencies
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