Binance, the world’s largest cryptocurrency exchange, has received a $2 billion investment from Abu Dhabi-based investment firm, MGX. This marks the first institutional investment in Binance’s history and MGX’s initial foray into the cryptocurrency world.
The transaction was conducted using stablecoins, reflecting growing institutional interest in blockchain and digital finance. Binance CEO Richard Teng stated that this investment will strengthen compliance, security, and user protection within the digital finance ecosystem.
This investment is also supported by the UAE’s crypto-friendly regulatory approach. Binance has secured a license from Dubai’s Virtual Assets Regulatory Authority (VARA), enabling it to offer trading services across the UAE.
MGX CEO Ahmed Yahia expressed confidence in blockchain’s future in shaping digital finance. He noted that as institutional adoption grows, the demand for secure and scalable blockchain solutions will continue to rise.
