Binance has revealed today, March 12, 2025, that Abu Dhabi’s MGX has made an investment of $2 billion in the cryptocurrency exchange. It also represents MGX’s first foray into the crypto sector, acquiring a minority stake in the exchange, which is the world’s largest crypto exchange by trading volume.
Binance CEO and CEO of MGX Chime In
The exchange’s CEO Richard Teng emphasized the significance of this investment, stating “This investment by MGX is a significant milestone for the crypto industry and for Binance. Together, we are shaping the future of digital finance. Our goal is to build a more inclusive and sustainable ecosystem, with a strong focus on compliance, security, and user protection. Binance remains committed to working with regulators worldwide to establish transparent, responsible, and forward-thinking policies for the crypto industry. Our ongoing investments in security and compliance reinforce our mission to foster a secure and trusted digital financial ecosystem.”
Ahmed Yahia, Managing Director & CEO of MGX expressed that this investment reflects their commitment to advancing blockchain technology and its transformative potential for digital finance. He noted that as institutional adoption of cryptocurrencies increases, there is an increasing need for secure and compliant blockchain infrastructure.
Strengthening Binance and Abu Dhabi’s Global Role
This deal, in a way, also indicates the growing trend of institutional investments in the cryptocurrency space, signaling a shift in how traditional financial entities view digital assets.
With over 260 million registered users and more than $100 trillion in cumulative trading volume, the exchange continues to solidify its dominance in the market.
This investment is not only strengthening the exchange’s position but also enhancing Abu Dhabi’s role as a pivotal player in the cryptocurrency landscape. As both these companies begin their journey together, they aim to promote innovation and drive the adoption of blockchain technologies worldwide.
Also Read: Justin Sun Calls for Urgent Action on Ethereum Leverage Issues to Prevent Market Fallout
