Abu Dhabi’s MGX Buys $2B Stake in Binance.
It's the first institutional investment in the crypto exchange and the investment was made in an unnamed stablecoin, Binance said.
Binance has confirmed that Abu Dhabi’s MGX has purchased a $2 billion stake in the platform. Notably, the move marks the first institutional investment into the platform, according to an official statement.
The investment is also the single largest in a cryptocurrency company, the platform confirmed. Furthermore, it promises to significantly advance digital assets in global finance, marking its first foray into the crypto space.
Although we are less than three months into the year, 2025 has proven to be groundbreaking for the cryptocurrency market. The United States has sought to completely overhaul its crypto policy. Moreover, there are expectations that it is one of many countries that will embrace favorable regulation.
Binance Gains $2 Billion MGX Investment
The ongoing shifts have made the industry as promising as it has ever been. That is seen in the continued exposure institutions are gaining regarding the industry. That has continued Wednesday, as Abu Dhabi’s MGX has acquired a $2 billion stake in cryptocurrency exchange Binance.
The move was a groundbreaking one for a plethora of different reasons. It is not only the single largest investment in a crypto company but also the largest investment paid entirely in crypto. Indeed, the development speaks to the expected growth that the market will see in the coming years.
“MGX’s investment in Binance reflects our commitment to advancing blockchain’s transformative potential for digital finance,” managing director and CEO Ahmed Yahia said. “As institutional adoption accelerates, the need for secure, compliant, and scalable blockchain infrastructure and solutions has never been greater.”Also the CEO of Binance, Richard Teng, previously served as the head of the Abu Dhabi Financial Services Regulatory Authority.
Additionally,the firm’s Dubai subsidiary, Binance FZE, obtained a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA) last year, which allows the company to offer a broad range of exchange and trading services across the entire United Arab Emirates. The Abu Dhabi Financial Services Regulatory Authority granted Binance’s Abu Dhabi subsidiary permission to provide custody services.
Moreover, Yahia noted that Binance “has been a driving force in cryptocurrency innovation, from exchange technology and tokenization to staking and payments.”
