Abu Dhabi-based MGX has invested $2 billion in the cryptocurrency exchange Binance, marking a significant step in crypto funding history.
MGX's Investment in Binance
MGX has invested $2 billion in the leading cryptocurrency exchange, Binance. This investment is the first institutional investment in Binance and will be entirely funded through stablecoins. MGX has previously focused on emerging technologies such as data centers, clean energy, and artificial intelligence.
Binance's Activity in the Crypto Landscape
Binance is the world's largest cryptocurrency exchange based on user count and daily transaction volumes. According to CoinMarketCap, 466 cryptocurrencies are currently available on Binance. The exchange is considering changes to its token listing process following a surge in altcoin listings over the past year.
Venture Capital Growth in the Crypto Sector
2025 is poised to be a robust year for venture capital in the crypto space. In February 2025, 137 crypto companies raised a cumulative $1.11 billion. According to PitchBook, crypto firms are expected to raise more than $18 billion this year, driven by positive regulatory developments in the United States and improving financing conditions.
The MGX deal with Binance underscores the importance of investing in new technologies and the growth potential of the crypto industry. This year promises to be momentous for venture capital, particularly with supportive regulatory environments and improving financial conditions.
