Crypto Exchange Binance Scores $2 Billion Stablecoin Investment From Abu Dhabi’s MGX
Binance, the world’s largest cryptocurrency exchange by trading volume, has sold a minority stake to United Arab Emirates state-owned investment firm MGX for $2 billion. The deal was paid in an unnamed stablecoin,
UAE-backed tech firm MGX invests US$2 billion in crypto exchange Binance
MGX, a technology investment firm backed by the United Arab Emirates government, has invested US$2 billion for a minority stake in Binance, the world’s largest cryptocurrency exchange. This is MGX’s first investment in the crypto sector, the Abu Dhabi-based firm says in a statement on March 13. It did not disclose the percentage stake in Binance.
Abu Dhabi-backed investor buys into Binance with $2 billion of crypto
By Elizabeth Howcroft and Federico Maccioni DUBAI (Reuters) -Abu Dhabi-backed investment group MGX has made a $2 billion cryptocurrency investment in Binance, the companies said on Wednesday, deepening ties between the world's largest crypto exchange and the United Arab Emirates.
Binance Secures $2 Billion as Abu Dhabi-based MGX Joins as First Institutional Investor
Binance just landed a massive $2 billion investment from Abu Dhabi-based MGX, marking a major milestone for the world’s largest crypto
(PR) MGX BACKS BINANCE IN LANDMARK INVESTMENT
Binance, the world's largest cryptocurrency exchange, and MGX, the Abu Dhabi-based AI and advanced technology investor, have announced a landmark $2 billion investment. This transaction, the first institutional investment in Binance to date,
Abu Dhabi’s MGX Makes Record $2 Billion Investment in Binance
Binance said Abu Dhabi’s MGX has acquired a minority stake for $2 billion, the first institutional investment in the world’s largest cryptocurrency exchange.
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