MGX invests 2 billion US dollars in Binance

Technology investor MGX enters the crypto sector with a billion-dollar investment and secures a minority stake in Binance

Abu Dhabi, March 2025 - Abu Dhabi-based technology investor MGX is investing USD 2 billion in Binance, the world's largest cryptocurrency exchange. The transaction represents the first institutional investment in Binance and is the largest single investment in a crypto company to date. The investment was made entirely in stablecoins.

MGX enters the blockchain sector

For MGX, this investment marks its entry into the crypto and blockchain sector. The company is acquiring a minority stake in Binance and sees the investment as part of a comprehensive strategy to promote blockchain technology in the financial sector.

Our investment in Binance underscores our commitment to the advancement of blockchain technology in digital finance. As institutional adoption grows, so does the demand for secure, compliant and scalable blockchain infrastructures.

Ahmed Yahia, CEO of MGX

Binance further expands its market position

Binance is the global leader in crypto trading. The company has over 260 million registered users and has achieved a cumulative trading volume of more than USD 100 trillion. One focus of the company's strategy is on regulatory compliance, especially in markets with clear legal frameworks such as the United Arab Emirates (UAE). Binance employs around 1,000 of its 5,000 employees there.

This investment by MGX is a significant milestone for Binance and the crypto industry. Our goal is to create a sustainable and inclusive digital financial world. We are committed to compliance, security and the protection of our users.

Richard Teng, CEO of Binance

Teng, who previously served as CEO of the Abu Dhabi Financial Services Authority, played a central role in the introduction of one of the first regulatory frameworks for cryptocurrencies. His experience informs Binance's long-term strategy for global regulatory compliance.

Focus on blockchain innovation and the digital economy

In addition to expanding its trading platform, Binance intends to invest more in AI-powered blockchain solutions, decentralized finance (DeFi) applications and the tokenization of digital assets. MGX sees potential in the partnership for further developments in these areas.

"Binance is driving innovation in the areas of exchange technology, tokenization, staking and payments," explains MGX CEO Yahia. "Together, we are committed to building a more inclusive and robust digital financial ecosystem."

MGX's investment is expected to help Binance meet new regulatory requirements and continue its global expansion. Specific plans for the use of funds have not yet been announced. It will be exciting to see how the investment proves itself in the currently tense crypto market. The markets have come under pressure, not least due to statements by the new US government, and Bitcoin is currently down more than 25% on its high for the year.