Binance has secured a record-breaking $2 billion investment from Abu Dhabi’s MGX, marking the largest crypto investment to date and the biggest transaction settled in stablecoins.
This also represents Binance’s first institutional backing, signaling growing mainstream confidence in digital assets.
MGX’s investment secures a minority stake in Binance, aligning with its strategy to drive AI, blockchain, and finance innovation.
CEO Ahmed Yahia emphasized the firm’s commitment to secure and scalable blockchain solutions as institutional adoption accelerates.
Binance, the world’s largest crypto exchange, has a strong UAE presence, employing 1,000 of its 5,000 global staff. With over 260 million users and $100 trillion in cumulative trading volume, it dominates the market.
CEO Richard Teng called the deal a major milestone, reaffirming Binance’s focus on compliance, security, and global regulatory collaboration.
This investment strengthens Binance’s industry leadership while positioning both firms at the forefront of digital finance innovation.
Coinbase has emerged as the best-performing stock in the S&P 500 for June, climbing 43% amid a surge of bullish momentum driven by regulatory clarity, product innovation, and deeper institutional interest in crypto.
Coinbase CEO Brian Armstrong has spotlighted a significant acceleration in institutional crypto adoption, driven largely by the surging popularity of exchange-traded funds and increased use of Coinbase Prime among major corporations.
The latest market turbulence, fueled by geopolitical tensions and investor fear, offered a textbook case of how sentiment swings and whale behavior shape crypto price action.
Jefferies chief market strategist David Zervos believes an upcoming power shift at the Federal Reserve could benefit U.S. equity markets.