Abu Dhabi's MGX invests $2B in Binance, marking largest institutional stablecoin-backed crypto deal

Binance, the world’s largest crypto exchange, secured its first institutional investment with a $2 billion backing from Abu Dhabi-based investment giant MGX. The deal, announced on March 12, marks ...

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Abu Dhabi's MGX invests $2B in Binance, marking largest institutional stablecoin-backed crypto deal

Source: CryptoSlate

Binance, the world’s largest crypto exchange, secured its first institutional investment with a $2 billion backing from Abu Dhabi-based investment giant MGX. The deal, announced on March 12, marks the largest investment ever received by a crypto company and the most significant transaction conducted entirely in stablecoins. Strategic growth The investment grants MGX a minority […]

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