Binance secures $2 billion from Abu Dhabi’s MGX

Binance secures $2 billion from Abu Dhabi’s MGX

From cryptobriefing.com

Binance announced Wednesday that the company has secured $2 billion from MGX, the Abu Dhabi-based investment firm that backed Trump’s $100 billion AI plan alongside OpenAI, SoftBank Group, and Oracle as part of the Stargate initiative. The funding is the largest crypto company investment to date and the first institutional investment in the leading crypto exchange, according to Binance. The investment, made in stablecoin, gives MGX a minority stake in Binance as part of its strategy to support blockchain technology development. Binance currently employs about 1,000 of its 5,000 global workforce in the UAE. ... (full story)

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