Name
Binance secures $2 billion investment from Abu Dhabi’s MGX in landmark crypto deal
Description
Binance secured a $2 billion investment from Abu Dhabi-based MGX, marking its first institutional funding and MGX’s first crypto investment. The deal, conducted in stablecoins, grants MGX a minority stake in Binance.
Publish date
8:13am, Wednesday, March 12, 2025
Referenced by
Binance secures $2 Billion investment from Abu Dhabi’s MGX in landmark institutional deal
Crypto news
News story
Through the investment and partnership, MGX and Binance aim to bolster AI, blockchain and financial innovation
Crypto news
Quote
This marks MGX's first investment into a crypto and blockchain firm, with MGX also acquiring a minority stake in Binance
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