Name
Binance Secures $2 Billion Investment From Abu Dhabi Firm—Paid in Stablecoins
Description
Binance has secured a $2 billion investment from MGX, a sovereign wealth fund in Abu Dhabi, fully paid in stablecoins. This marks Binance’s first institutional investment and the largest single investment in a crypto firm.
Publish date
8:00am, Wednesday, March 12, 2025
Referenced by
Binance secures $2 Billion investment from Abu Dhabi’s MGX in landmark institutional deal
Crypto news
News story
In a statement, Binance CEO Richard Teng framed the investment as "a significant milestone for the crypto industry and for Binance.”
Crypto news
Quote
The exchange is substantially larger than rivals in terms of trading volume, with CoinGecko showing over $23 billion worth of trading over the last 24 hours compared to about $4 billion for the U.S.-based Coinbase and just under $4 billion for OKX
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