Wednesday, 09 Apr 2025

Fintech company from Abudhabi is investing stable coins for $ 2 billion in Binance

admin
13 Mar 2025 12:39
Coins 0 2
3 minutes reading



  • The Bony investment of MGX, a leading investor in AI and top technology, signals the globally growing trust of institutions in cryptoCurrencies.
  • By the way, she also underlines Abu Dhabi’s ambitions to become a global blockchain and crypto financial center.

In a groundbreaking step, the FinTech investor MGX based in Abu Dhabi invested two billion dollars in Binance, making the first institutional investment in the world’s largest crypto exchange. Z

MGX ensures a minority stake in Binance. In a tweet from Bitcoin News is called es:

“It is the first institutional investment in Binance – and the largest in crypto history – which is fully paid in stable coins. This groundbreaking deal signals a great vote of trust in the traditional financial world, since MGX takes its entry into the blockchain finance industry with a strategic involvement.

MGX, which is known for his focus on AI and top technology, sees the Projek as a strategic focus on its mission, blockchain innovation and digital finance.

In addition, MGX CEO Ahmed Yahia emphasized the company’s commitment to promote the transformative potential of blockchain.

Expansion of the global bony presence

For Binance, this considerable capital supply is suitable for supporting its compliance initiatives, improving security measures and strengthening cooperation with regulatory authorities worldwide. The stock exchange has set up a significant presence in the Emirates and employs around 1,000 people in the region.

Binance CEO Richard Teng, who previously worked as a CEO of the Abu Dhabi Financial Services Regulatory Authority, emphasized the joint vision of the two institutions in the design of the future of digital financial system.

Consequences for the crypto industry

Sea Financial Times underlines the investment of becoming a global center for digital assets and the crypto industry, and is in line with the aim of diversifying the economy.

The cooperation between MGX and Binance is expected to drive innovation at the interface of artificial intelligence, blockchain technology and finances and possibly set new standards for institutional commitment in the crypto area.

Market reaction

The positive market reaction is a sign of the growing trust of investors in the strategic direction of Binance and the broader acceptance of institutional investments in the cryptocurrency sector.

After the announcement, the Binance’s own token, BNB, experienced a remarkable upswing. According to CoinmarketCAP data, BNB is currently being traded at around $ 580.51, which reflects an increase of 6.39 % in the last 24 hours. See BNB price diagram below.

No Comments

Leave a Reply

Your email address will not be published. Required fields are marked *