Crypto exchange Binance on Wednesday announced a landmark $2 billion investment from Abu Dhabi-based MGX, marking the first institutional investment in the company, the largest investment ever made into a cryptocurrency firm.
The deal apparently highlights Binance’s growing influence in the global digital asset market and MGX’s entry into the sector, reinforcing the UAE’s role as a hub for innovative finance.
The investment secures MGX a minority stake in Binance, aligning with its broader mission to harness AI and blockchain technology.
The $2 billion investment, executed in stablecoin, surpasses all previous crypto company funding rounds and …
Full story available on Benzinga.com
Crypto exchange Binance on Wednesday announced a landmark $2 billion investment from Abu Dhabi-based MGX, marking the first institutional investment in the company, the largest investment ever made into a cryptocurrency firm.
The deal apparently highlights Binance’s growing influence in the global digital asset market and MGX’s entry into the sector, reinforcing the UAE’s role as a hub for innovative finance.
The investment secures MGX a minority stake in Binance, aligning with its broader mission to harness AI and blockchain technology.
The $2 billion investment, executed in stablecoin, surpasses all previous crypto company funding rounds and …
Full story available on Benzinga.com
Crypto exchange Binance on Wednesday announced a landmark $2 billion investment from Abu Dhabi-based MGX, marking the first institutional investment in the company, the largest investment ever made into a cryptocurrency firm.
The deal apparently highlights Binance’s growing influence in the global digital asset market and MGX’s entry into the sector, reinforcing the UAE’s role as a hub for innovative finance.
The investment secures MGX a minority stake in Binance, aligning with its broader mission to harness AI and blockchain technology.
The $2 billion investment, executed in stablecoin, surpasses all previous crypto company funding rounds and …Full story available on Benzinga.com Read MoreAI Generated, Binance, Cryptocurrency, News, Top Stories, News, Cryptocurrency, Top Stories, Benzinga News
