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.
The U.S. Securities and Exchange Commission (SEC) has officially closed its investigation into Immutable, a blockchain gaming protocol.
Global investment giant BlackRock has taken two major steps to strengthen its foothold in the cryptocurrency sector.
Trump Media & Technology Group (TMTG), the company behind Truth Social, is teaming up with Crypto.com to introduce a lineup of exchange-traded funds (ETFs) and exchange-traded products (ETPs) through its fintech brand, Truth.Fi.
Binance has taken swift action against an employee accused of using confidential information to profit from a token launch.