Binance, the world’s largest cryptocurrency exchange,
and MGX, the Abu Dhabi-based AI and advanced technology investor, have
announced a landmark $2 billion investment. This transaction, the first
institutional investment in Binance to date, marks a significant step in
advancing digital asset adoption and reinforcing blockchain’s role in global
finance. It is also the single largest investment into a crypto company and the
largest investment ever paid in crypto (stablecoin).
This investment represents MGX’s first entry into the
cryptocurrency and blockchain sectors, securing a minority stake in Binance as
part of a broader strategy to support blockchain’s transformative impact on
society. By partnering with the leading industry player, MGX aims to enable
innovation at the intersection of AI, blockchain technology and finance.
Binance has a substantial footprint in the UAE, a
nation known for its innovation, progressive cryptocurrency regulation,
and clarity in digital asset frameworks. Today, Binance employs
approximately ~1,000 of its ~5,000 global workforce in the UAE. As the
world's most secure, licensed, and trusted cryptocurrency exchange,
Binance leads the industry by a significant margin. It is larger than the next
several cryptocurrency exchanges combined by trading volume, boasting
over 260 million registered users and surpassing $100 trillion
in cumulative trading volume. This investment solidifies Binance’s position at
the forefront of the crypto revolution while underscoring MGX’s commitment
to enabling AI-powered blockchain solutions, decentralized finance (DeFi),
and the tokenized digital economy.
Ahmed Yahia, Managing Director & CEO, MGX, said: “MGX’s
investment in Binance reflects our commitment to advancing blockchain’s
transformative potential for digital finance. As institutional adoption
accelerates, the need for secure, compliant, and scalable blockchain
infrastructure and solutions has never been greater. Binance has long been a
driving force in cryptocurrency innovation, from exchange technology and
tokenization to staking and payments. Together, we are committed to building a
more inclusive and robust digital finance ecosystem.”
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. Our goal is to build a
more inclusive and sustainable ecosystem, with a strong focus
on compliance, security, and user protection. Binance remains committed to
working with regulators worldwide to establish transparent, responsible, and
forward-thinking policies for the crypto industry. Our ongoing investments in
security and compliance reinforce our mission to foster a secure and
trusted digital financial ecosystem.”
Richard Teng, who previously served as CEO of the
globally recognized Abu Dhabi Financial Services Authority, played a key role
in initiating one of the world’s first crypto regulatory frameworks,
making his leadership instrumental in Binance’s regulatory strategy.
