• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
Binance

Binance Achieves Largest Crypto Investment Ever With MGX’s $2 Billion Backing

Ronaldo Marquez
by Ronaldo Marquez
5 months ago
·
Posted in Binance
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

In a landmark move for the world’s largest cryptocurrency exchange, Binance announced on Wednesday that it has secured a substantial $2 billion investment from MGX, a state-backed investment firm based in the United Arab Emirates (UAE). 

According to a Fortune report, the investment, made in stablecoins, grants MGX a minority stake in Binance, marking one of the largest capital injections into a crypto company in the sector’s history.

MGX’s Investment In Binance 

While specifics regarding the valuation of the investment, the exact size of MGX’s stake, and the types of stablecoins involved were not disclosed, Binance’s CEO, Richard Teng, emphasized the significance of this deal for the crypto landscape. “This investment by MGX is a significant milestone for the crypto industry,” Teng stated in a press release.

Related Reading: Metaplanet Keeps Stacking Bitcoin—Now Sits On 3,050 BTC

MGX operates out of Abu Dhabi, the capital of the UAE, and is chaired by Sheikh Tahnoon Bin Zayed Al Nahyan, member of the Abu Dhabi royal family and a key figure in managing the UAE’s sovereign wealth fund. 

The firm specializes in investments related to artificial intelligence (AI) and technology, reflecting a growing trend among institutional investors to enter the blockchain space.

Ahmed Yahia, managing director and CEO of MGX, highlighted the increasing demand for robust blockchain infrastructure, stating, “As institutional adoption accelerates, the need for secure, compliant, and scalable blockchain infrastructure and solutions has never been greater.”

BNB’s Value Creeps Closer To Reaching $600

Following the announcement of the investment, Binance’s native cryptocurrency, BNB, experienced a modest increase of approximately 1%, rising to $560, according to CoinGecko.

However, in the following hours, the token rallied by almost 5% to trade at $581, reaching the key resistance level of $600, which will be key in determining the metal’s next moves.

Binance
The daily chart shows BNB’s price recovery. Source: BNBUSDT on TradingView.com

The UAE’s backing of Binance not only solidifies the exchange’s presence in the Gulf region but also underscores its strategic importance in the global cryptocurrency market. With around 1,000 employees based in the UAE out of a total workforce of 5,000, Binance has established a significant operational footprint in the region. 

Interestingly, the company’s former CEO, Changpeng Zhao (CZ), has ties to the UAE, and Teng himself previously served as a regulator in Abu Dhabi.

Related Reading: Bitcoin Top Buyers Show Capitulation: Is This A Buying Opportunity?

Despite the challenges it has faced, including a recent $4.3 billion settlement with the Department of Justice in November 2023, which resulted in Zhao’s resignation and a plea for failing to maintain effective anti-money laundering practices, Binance is working to redefine its image. 

Teng has committed to transforming the exchange from a perceived “crypto outlaw” to a compliant financial entity, emphasizing cooperation with regulators and law enforcement.

Featured image from DALL-E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Ronaldo Marquez

Ronaldo Marquez

Follow

Ronaldo is a seasoned crypto enthusiast with over four years of experience in the field. He is passionate about exploring the vast and dynamic world of decentralized finance (DeFi) and its practical applications for achieving economic sovereignty. Ronaldo is constantly seeking to expand his knowledge and expertise in the DeFi space, as he believes it holds tremendous potential for transforming the traditional financial landscape.

Full Profile

Related Posts

Binance

Australia Cracks Down On Binance: Orders External Audit Over Money Laundering Concerns

1 week ago
Binance Unrealized Profits Hit A Record 60,000 Bitcoin Despite Falling Reserves

Binance Unrealized Profits Hit A Record 60,000 Bitcoin Despite Falling Reserves

1 month ago
Binance

Binance Seeks Dismissal Of $1.7 Billion Lawsuit From FTX Estate

3 months ago
Binance

Former Binance CEO CZ Seeks Presidential Pardon From Trump After 4 Month Prison Sentence

3 months ago
Binance

Binance Founder Proposes BNB And Bitcoin For Kyrgyzstan’s Strategic Crypto Reserve

3 months ago
Binance

Binance Co-Founder Denies Testifying Against Justin Sun In US Plea Deal

4 months ago

Premium Sponsors

Press Releases

  • XRP Price Plummets from $3.65 to $2.72, but GMO Miner Still...

    13 minutes ago
  • miner

    Fleet Miner launches “zero threshold cloud...

    19 minutes ago
  • XRP Boom Alert

    XRP Boom Alert! Start Cloud Mining with WinnerMining and...

    1 hour ago
  • Bitcoin Hyper

    Предпродажбата на Bitcoin Hyper...

    4 hours ago
  • The Ethereum DeFi’s Return Sets the Normal for Cloud...

    13 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.