Global Cryptocurrency Exchange Binance Partners with MGX for Landmark $2 Billion Investment
The world’s largest cryptocurrency exchange, Binance, has announced a landmark $2 billion investment with MGX, an artificial intelligence and advanced technology investment firm based in Abu Dhabi. This investment marks the first institutional investment Binance has received to date, underscoring Binance’s significant step forward in promoting digital asset adoption and enhancing the role of blockchain in global financial markets.
This investment is not only the largest single investment in the cryptocurrency industry but also the largest-ever investment made using cryptocurrency (stablecoin) as payment.
The investment marks MGX’s first foray into the cryptocurrency and blockchain space. By acquiring a minority stake in Binance, MGX is aligning with its broader strategy to support the transformative impact of blockchain on society. Through partnerships with industry leaders, MGX aims to drive innovation at the intersection of artificial intelligence, blockchain technology, and finance.
Binance has a significant presence in the United Arab Emirates, a country renowned for its innovative and advanced cryptocurrency regulations and clear digital asset framework. Today, Binance employs approximately 1,000 people in the UAE, accounting for a large portion of its global workforce of over 5,000. As the world’s most secure, licensed, and trusted cryptocurrency exchange, Binance leads the industry by a wide margin, with a trading volume greater than the combined total of the next few exchanges, and over 260 million registered users worldwide, having processed over $100 trillion in cumulative trading volume.
This investment solidifies Binance’s position at the forefront of the crypto revolution while highlighting MGX’s commitment to driving AI-powered blockchain solutions, decentralized finance (DeFi), and tokenized digital economies.
Ahmed Yahia, Managing Director and CEO of MGX, stated, “MGX’s investment in Binance reflects our commitment to driving the transformative potential of blockchain in digital finance. With accelerating institutional adoption, the demand for secure, compliant, and scalable blockchain infrastructure and solutions is unprecedented. Binance has long been a driving force in cryptocurrency innovation, from exchange technology and tokenization to staking and payments. Together, we are committed to building a more inclusive and robust digital financial ecosystem.”
Richard Teng, CEO of Binance, added, “This investment by MGX is a significant milestone for the crypto industry and for Binance. We are jointly shaping the future of digital finance. Our goal is to build a more inclusive and sustainable ecosystem, focusing on compliance, security, and user protection. Binance is committed to working with global regulators to help shape transparent, responsible, and forward-looking crypto industry policies. Our ongoing investments in security and compliance also reinforce our mission to foster a secure and trustworthy digital financial ecosystem.”
Richard Teng previously served as the CEO of the Abu Dhabi Financial Services Regulatory Authority, where he played a key role in advancing one of the world’s first cryptocurrency regulatory frameworks, making his leadership crucial to Binance’s regulatory strategy.