Binance has secured its first-ever institutional investment, receiving a massive $2 billion from MGX, an Abu Dhabi-based investor specializing in AI and advanced technologies. This marks the largest institutional funding round in cryptocurrency history.
Announced on March 12, 2025, the investment was fully paid in stablecoins, underscoring the growing acceptance of digital currencies within the financial sector. The deal gives MGX a minority stake in Binance, demonstrating a commitment to the exchange and strengthening institutional connections within the crypto space.
MGX’s investment represents a significant step toward the wider adoption of digital assets and the advancement of blockchain technology in global financial operations. The agreement aligns with MGX’s strategy to enter the cryptocurrency market and drive innovation by integrating blockchain technology with AI applications and financial systems. This partnership highlights the convergence of these sectors.
Through the agreement, Binance, which serves over 260 million users and boasts a cumulative trading volume exceeding $100 trillion, will grow its user base more.
Binance’s success is also significantly impacted by its base in the UAE, from which 20% of its 5,000 employees work. Progressive cryptocurrency regulations in the region provide a favorable environment for Binance to expand its business operations.
Binance CEO Richard Teng welcomed the investment, saying it would allow collaboration with global regulators to design clear and transparent regulations for cryptocurrency operations.
MGX sees the investment in Binance as a key component of their strategy to foster technological advancements. According to MGX CEO Ahmed Yahia, the investment acknowledges the transformational potential of the digital financial industry. He also stated that Binance is positioned to meet the market demand for secure blockchain solutions as institutional adoption accelerates.
MGX aims to advance DeFi and develop the tokenized digital economy through its collaboration with Binance. Ultimately, this strategic investment reflects Binance’s commitment to promoting artificial intelligence solutions powered by blockchain across a variety of business activities, especially in finance and infrastructure.
