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Binance Secures $2 Billion Investment from Abu Dhabi-Linked MGX

Mary Liu

Summary: Binance has announced a $2 billion investment from MGX, an Abu Dhabi government-backed investment firm. This marks Binance's first institutional investment and highlights its growing presence in the UAE, where about 20% of its 5,000 employees are based. MGX, launched in 2024 under UAE President Sheikh Mohamed bin Zayed Al Nahyan, focuses on AI and ...

Binance has announced a $2 billion investment from MGX, an Abu Dhabi government-backed investment firm. This marks Binance's first institutional investment and highlights its growing presence in the UAE, where about 20% of its 5,000 employees are based.

MGX, launched in 2024 under UAE President Sheikh Mohamed bin Zayed Al Nahyan, focuses on AI and advanced technologies. The firm has previously invested in OpenAI, Databricks, and xAI, and partnered with major players like BlackRock and Microsoft.

Binance CEO Richard Teng, former head of Abu Dhabi’s financial regulator, called the investment a "significant milestone" for the crypto industry. 

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