Cryptocurrencies
Abu Dhabi’s MGX Makes Record $2 Billion Investment in Binance
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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.
It is the Emirati investment fund’s first entry into the crypto and blockchain sectors, Binance and MGX said in a statement Wednesday. The investment was made using an unnamed stablecoin and is the largest ever in a crypto company, they said.