MGX’s $2 Billion Investment in Binance Marks Largest Crypto Investment
- Abu Dhabi’s MGX invested $2 billion in Binance, the largest-ever crypto company investment.
- The investment grants MGX a minority stake in Binance to support blockchain technology development.
- This funding is the first institutional investment in Binance, a leading cryptocurrency exchange.
- Binance employs about 1,000 of its global workforce of 5,000 in the UAE.
- Binance Labs, now YZi Labs, is expanding focus to include AI investments alongside blockchain and web3.
The $2 billion investment by Abu Dhabi’s MGX into Binance marks the largest crypto company investment to date and provides MGX with a minority stake to further blockchain technology development.
Source (2.6)https://cryptobriefing.com/mgx-crypto-investment-binance/?rand=59535
