Binance has secured the largest institutional deal in cryptocurrency history, receiving $2 billion from MGX. This transaction was entirely completed in stablecoin, marking another industry milestone.
A Strategic Partnership for Blockchain and AI
This is MGX’s first foray into the blockchain sector, acquiring a minority stake in Binance. The partnership aims to drive innovation at the intersection of AI, blockchain, and finance, setting the stage for long-term growth.
More About Binance
Binance P2P is making changes to simplify life for its merchants. The platform revamped the badge designs for Bronze, Silver, and Gold merchants, making them more visible to users. Additionally, Silver and Gold merchants can post more ads, enhancing trading flexibility.
Future Plans
Binance introduced an automated security deposit top-up feature, ensuring smoother transactions without manual intervention. These updates showcase Binance’s ongoing efforts to enhance the P2P trading experience and keep operations seamless.
MGX’s investment in Binance cements the company's position as a leader in the crypto space while indicating further growth and innovation prospects.
