Binance announces Abu Dhabi investment in MGX invests $2 billion in it

PANews reported on March 12 that according to the official blog, crypto exchange Binance announced a $2 billion investment with Abu Dhabi-based investment agency MGX. The deal is Binance’s first institutional investment to date, which is also the largest single investment in crypto companies and the largest investment paid in cryptocurrencies (stablecoins). The investment is the first time MGX has entered the cryptocurrency and blockchain space, and MGX will acquire a minority stake in Binance as part of its broad strategy to support the impact of blockchain on social change.