The largest single investment in the cryptocurrency field was born, Binance received $2 billion investment from MGX

Binance, the world’s largest cryptocurrency exchange, and MGX, an Abu Dhabi-based AI and advanced technology investor, have announced a landmark $2 billion investment. The investment is the first institutional investment to date for Binance and marks a significant step forward in driving digital asset adoption and strengthening the role of blockchain in global finance. Not only is this the largest single investment in a crypto company, it is also the largest investment ever made in cryptocurrencies (stablecoins).

The investment represents MGX’s first foray into the cryptocurrency and blockchain space, taking a minority stake in Binance as part of its broader strategy to support blockchain’s transformative impact on society. By partnering with industry leaders, MGX aims to drive innovation at the intersection of AI, blockchain technology, and finance.

Binance has a significant presence in the UAE. The country is known for its innovation, advanced cryptocurrency regulation, and clear digital asset framework. Today, Binance employs around 1,000 people in the UAE, a large portion of its 5,000+ global employees. As the world's most secure, licensed and trusted cryptocurrency exchange, Binance leads the industry by a wide margin, with more trading volume than the next few cryptocurrency exchanges combined, more than 260 million registered users worldwide and a cumulative trading volume of more than $100 trillion. This investment solidifies Binance's position at the forefront of the crypto revolution, while also underscoring MGX's commitment to advancing AI-driven blockchain solutions, decentralized finance (DeFi), and the tokenized digital economy.

Ahmed Yahia, Managing Director and CEO of MGX, said: "MGX's investment in Binance reflects our commitment to advancing the transformative potential of blockchain in digital finance. As institutional adoption accelerates, the need for secure, compliant and scalable blockchain infrastructure and solutions has never been greater. Binance has long been a driving force for innovation in cryptocurrencies, from trading platform 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 major milestone for the crypto industry and Binance. Together, we are shaping the future of digital finance. Our goal is to build a more inclusive and sustainable ecosystem with a focus on compliance, security and user protection. Binance remains committed to working with global regulators to assist in the development of transparent, responsible and forward-looking crypto industry policies. Our continued investment in security and compliance also reinforces our mission to promote a secure and trusted digital financial ecosystem."

Richard Teng previously served as CEO of the globally renowned Abu Dhabi Financial Services Regulatory Authority, where he played a key role in launching one of the world's first cryptocurrency regulatory frameworks, making him the CEO of Binance.

About MGX: MGX is a technology investment firm focused on accelerating the development and adoption of artificial intelligence and advanced technologies by building world-leading partnerships in the United Arab Emirates and globally. MGX invests in sectors where AI can deliver value and economic impact at scale, including semiconductors, infrastructure, software, technology-enabled services, life sciences, and physical AI.