Binance secures ‘largest investment ever' in crypto as Abu Dhabi's MGX pledges $2 billion By Dylan Butts, CNBC • Published March 12, 2025 • Updated on March 13, 2025 at 10:16 pm ...

Binance and MGX did not immediately comment on the size of the stake or what stablecoin would be used for the payment. Binance has not responded to an inquiry on whether the deal had been completed.

Binance, the world's largest cryptocurrency exchange, said it has received a $2 billion investment from MGX, an Abu Dhabi-based AI and advanced technology investor.

Binance CEO, Richard Teng, added, "This investment by MGX is a significant milestone for the crypto industry and for Binance. Together, we are shaping the future of digital finance.

Binance CEO, Richard Teng, added, "This investment by MGX is a significant milestone for the crypto industry and for Binance. Together, we are shaping the future of digital finance.

Binance said on Wednesday that United Arab Emirates state-backed investor MGX has acquired a minority stake in the world’s largest crypto exchange for $2 billion. The transaction was paid for in ...