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MGX Makes History with $2 Billion Investment in Binance

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by Giorgi Kostiuk

7 hours ago

In a landmark move, Abu Dhabi-based MGX invested $2 billion in Binance, marking the largest single investment in a crypto company to date.

Investment Details

MGX's investment secures a minority stake in Binance and marks their entry into the cryptocurrency sector. This move highlights the progressive stance of the UAE in crypto regulations.

Binance's Market Position

The investment reinforces Binance's leading market position, serving over 260 million users and achieving $100 trillion in trading volume while operating in 100+ countries.

Perspectives on the Partnership

MGX’s CEO Ahmed Yahia emphasized the investment's strategic importance. Binance CEO Richard Teng described it as a 'significant milestone for the crypto industry and Binance.'

This investment highlights the increasing importance of cryptocurrencies and blockchain in mainstream financial solutions, further establishing the UAE as a global hub for digital asset innovation.

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