In a massive development, Binance has announced a historic $2 billion investment from the Abu Dhabi-based investment firm. This marks the single largest investment in a crypto company, and the sum was also notably paid in crypto.
Binance Announces $2 Billion Investment From MGX
In a blog post, Binance announced that it has received a landmark $2 billion investment from MGX, an Abu Dhabi-based AI and advanced technology investor. The top crypto exchange noted that this $2 billion investment is the largest investment into a crypto company.
It is also the largest investment an investor has made in crypto, a stablecoin, to be precise. Meanwhile, this is also the first institutional investment in the crypto exchange, which currently holds the reputation as the largest exchange by market share.
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