UAE tech investment firm MGX invests $2 billion in Binance and acquires minority stake

2025-03-13 08:50:31

According to a joint statement on March 12, the UAE technology and AI investment company MGX announced that it would invest $2 billion in the cryptocurrency exchange Binance and acquire a minority stake in it, which is the first institutional investment received by the latter so far. The statement said that this is not only the largest single investment in a crypto company, but also the largest investment ever paid in cryptocurrency (stablecoin).

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