NewsletterBinance Announces Historic $2 Billion Investment From Abu Dhabi’s MGX
Highlights
- Abu Dhabi's MGX has invested $2 billion in Binance, the single largest investment in crypto history.
- It is also the single largest investment that has been ever paid in crypto.
- With the investment, MGX has acquired a minority stake in the crypto exchange.
In a massive development, Binance has announced a historic $2 billion investment from the Abu Dhabi-based investment firm. This marks the single largest investment in a crypto company, and the sum was also notably paid in crypto.
Binance Announces $2 Billion Investment From MGX
In a blog post, Binance announced that it has received a landmark $2 billion investment from MGX, an Abu Dhabi-based AI and advanced technology investor. The top crypto exchange noted that this $2 billion investment is the largest investment into a crypto company.
It is also the largest investment an investor has made in crypto, a stablecoin, to be precise. Meanwhile, this is also the first institutional investment in the crypto exchange, which currently holds the reputation as the largest exchange by market share.
With this $2 billion investment, MGX has acquired a minority stake in the crypto exchange. Binance noted that this transaction marks a significant step in advancing digital asset adoption and reinforcing blockchain technology’s role in global finance.
This investment represents MGX’s entry into the blockchain and crypto world, as part of the firm’s strategy to support blockchain’s “transformative impact on society.” Binance stated that the firm aims to enable innovation at the intersection of AI, blockchain technology, and finance through its partnership with the leading player.
Richard Teng Comments On The Partnership
Binance CEO Richard Teng also commented on MGX’s $2 billion investment. He stated that the investment is a significant milestone for the crypto industry and the crypto exchange. Teng further remarked that they intend to shape the future of digital finance together with the goal of building a more inclusive and sustainable ecosystem, with a strong focus on compliance, security, and user protection.
He added,
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.”
Meanwhile, MGX’s Managing Director and CEO, Ahmed Yahia, said,
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.”
The BNB price remained unchanged on the back of this development. The crypto is currently trading at around $551, with $1.75 billion traded in the last 24 hours.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Why is the Crypto Market Down Today? BTC, ETH, XRP Lead Drop
- SEC Crypto Task Force Hosts Financial Privacy Roundtable Today: What to Expect
- Breaking: Kevin Warsh Now Favorite to Replace Powell After Hassett’s Fed Chair Bid Faces Pushback
- First Hyperliquid ETF Launch ‘Imminent’ as Bitwise Files Amended S-1 With SEC
- XRP News: Ripple’s RLUSD Eyes Wider Adoption as Stablecoin Expands to Coinbase’s L2 Base
- Bitcoin Price Weekly Forecast as Gold’s Surge Revives Inverse Correlation — Is $85K Next?
- Ethereum Price Risks $2,600 Drop Despite JPMorgan’s New Fund on its Network
- Analyst Confirm Pi Network Price Could Still Reach $1, Here’s When?
- Is Ethereum Price Set for a Rebound as a Prominent Whale Accumulates $119M After the Dip?
- XRP Spot ETF Records Nearly $1B Inflows While BTC and ETH Bleed- Is A XRP Price Reversal Ahead?
- Bitwise SOL ETF Records 33 Days of Nonstop Inflows- Is A Recovery to $150 Possible?
