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Binance has secured the biggest investment in the encryption company by pumping $ 2 billion on the world’s largest exchange, based on Abu Davi.
March 12 mail In X, Binance called this transaction as an external investment external investment, and the two companies Joint press release That A small number of steaks are paid from Stablecoins and are the largest using encryption.
Binance’s Aboriginal BNB Token has surged 4% over the last 24 hours and traded at $ 577 based on EST 2:20 AM. Coinmarketcap.
Some of the focus of MGX on Binance Investment AI, blockchain and finance
The MGX Investment Company was released last year and focused on supporting the intersection of artificial intelligence (AI), blockchain and finance.
MGX, an Abu Davi sovereign asset fund, invests $ 2 billion. @Binance For a minority stake. This transaction is 100%in stablecoins, indicating the largest investment transaction in encryption.
This is also the first institutional investment. @Binance have…
-Cz n bnb (@cz_binance) March 12, 2025
In September, the company had a partner relationship. Black rock Microsoft has launched a dedicated AI fund that hopes to raise up to $ 30 billion. MGX also invested in XAI of Openai and ELON MUSK.
Investment in Binance is part of MGX’s promotion to develop “deformed potential for digital finance of blockchain”, said Ahmed Yahia.
Binance’s UAE footprint growth
MGX’s investment occurs after Binance FZE, a Dubai subsidiary of Binance, obtains a virtual asset service provider (VASP) license from Dubai Virtual Asset Regulatory Agency (VARA).
Binance’s ABU DHABI subsidiary has also been licensed for providing parenting services by Abu Dhabi Financial Services regulators.
Binance CEO Richard Teng has previously led the ABU DHABI Financial Services regulatory authorities before acquiring CHANC, CHA CZ, and Changpeng Zhao.
Binance says there are about 1,000 of the 5,000 global personnel based on the UAE.
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