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.
In a move that underscores its ambition to bridge crypto and traditional finance, Ripple is expanding the role of its newly acquired prime brokerage platform, Hidden Road.
HashKey Capital has officially launched Asia’s first XRP Tracker Fund, providing professional investors with regulated exposure to XRP without the need for direct ownership.
After closing 2024 on a high note, the crypto market faced a sharp correction in early 2025. Enthusiasm that had been fueled by a favorable macro backdrop—including Donald Trump’s presidential win and dovish signals from the U.S. Federal Reserve—quickly gave way to uncertainty…
Donald Trump has reignited his attacks on Federal Reserve Chair Jerome Powell, criticizing him for holding off on interest rate cuts despite slowing inflation.