Binance secures $2 billion from Abu Dhabi’s MGX

Binance announced Wednesday that the company has secured $2 billion from MGX, the Abu Dhabi-based investment firm that backed Trump’s $100 billion AI plan alongside OpenAI, SoftBank Group, and Oracle as part of the Stargate initiative.

The funding is the largest crypto company investment to date and the first institutional investment in the leading crypto exchange, according to Binance.

The investment, made in stablecoin, gives MGX a minority stake in Binance as part of its strategy to support blockchain technology development. Binance currently employs about 1,000 of its 5,000 global workforce in the UAE.

The crypto exchange serves over 260 million registered users and has processed more than $100 trillion in cumulative trading volume, making it larger than several next-ranked crypto exchanges combined.

“MGX’s investment in Binance reflects our commitment to advancing blockchain’s transformative potential for digital finance,” said Ahmed Yahia, Managing Director & CEO of MGX. “As institutional adoption accelerates, the need for secure, compliant, and scalable blockchain infrastructure and solutions has never been greater.”

Binance CEO Richard Teng said:

“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.”

This article first appeared at Crypto Briefing