Abu Dhabi-backed investor buys into Binance with $2 billion of crypto
By Elizabeth Howcroft and Federico Maccioni DUBAI (Reuters) -Abu Dhabi-backed investment group MGX has made a $2 billion cryptocurrency investment in Binance, the companies said on Wednesday, deepening ties between the world's largest crypto exchange and the United Arab Emirates.
UAE buys world’s largest crypto exchange
DUBAI: Abu Dhabi-backed investment group MGX has made a $2 billion cryptocurrency investment in Binance, the companies said on Wednesday, deepening ties between the world’s largest crypto exchange and the United Arab Emirates.
Binance Says Abu Dhabi's MGX Invests $2 Billion Into Crypto Exchange
Cryptocurrency exchange Binance said on Wednesday Abu Dhabi investment group MGX had invested $2 billion worth of cryptocurrency into the company. Binance said in a statement posted on its website that it was the first time it had taken institutional investment.
UAE-Backed MGX Makes $2 Billion Investment In Crypto Exchange Binance
Binance said on Wednesday that United Arab Emirates state-backed investor MGX has acquired a minority stake in the world’s largest crypto exchange for $2 billion. The transaction was paid for in stablecoin,
Binance Secures $2 Billion as Abu Dhabi-based MGX Joins as First Institutional Investor
Binance just landed a massive $2 billion investment from Abu Dhabi-based MGX, marking a major milestone for the world’s largest crypto
Abu Dhabi’s MGX Makes Record $2 Billion Investment in Binance
Binance said Abu Dhabi’s MGX has acquired a minority stake for $2 billion, the first institutional investment in the world’s largest cryptocurrency exchange.
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