MGX invests $2 billion in Binance in historic deal

Binance, the world's largest cryptocurrency exchange, has secured a landmark $2 billion investment from MGX, an Abu Dhabi-based investor in AI and advanced technology. This marks Binance’s first institutional investment and represents a major milestone in driving mainstream adoption of digital assets while reinforcing blockchain’s role in global finance. The deal also stands as the biggest investment in a crypto company and the largest transaction ever conducted in stablecoins.

This move marks MGX’s entry into the cryptocurrency and blockchain space, giving it a minority stake in Binance as part of a broader strategy to support blockchain’s role in shaping the future. By collaborating with the industry’s leading player, MGX aims to foster innovation at the intersection of AI, blockchain, and financial technology.

Binance has a strong presence in the UAE, a country recognised for its progressive approach to cryptocurrency regulation and digital asset frameworks. Around 1,000 of Binance’s 5,000 global employees are based in the UAE. As the world’s most secure, licensed, and trusted cryptocurrency exchange, Binance dominates the industry, exceeding the combined trading volume of several of its closest competitors. With over 260 million registered users and cumulative trading volumes surpassing $100 trillion, this investment further cements Binance’s leadership in the sector while reflecting MGX’s commitment to advancing AI-powered blockchain solutions, decentralised finance (DeFi), and the tokenised digital economy.

Ahmed Yahia, Managing Director & CEO of MGX, said:

“MGX’s investment in Binance reflects our commitment to advancing blockchain’s transformative potential for digital finance. As institutional adoption accelerates, the need for secure, compliant, and scalable blockchain infrastructure and solutions has never been greater. Binance has long been a driving force in cryptocurrency innovation, from exchange technology and tokenization to staking and payments. Together, we are committed to building a more inclusive and robust digital finance ecosystem.”

Binance CEO Richard Teng added:

“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.”

Richard Teng, formerly CEO of the globally recognised Abu Dhabi Financial Services Authority, played a pivotal role in shaping one of the world’s first regulatory frameworks for cryptocurrency. His leadership remains key to Binance’s regulatory strategy.

About MGX

MGX is a technology investment firm focused on accelerating AI and advanced technology adoption through high-profile partnerships in the UAE and globally. The company invests in areas where AI can create large-scale economic impact, including semiconductors, infrastructure, software, tech-enabled services, life sciences, and physical AI.

About Binance

Binance is a global blockchain powerhouse, operating the world’s largest cryptocurrency exchange by trading volume and user base. Trusted by over 260 million users in more than 100 countries, Binance is known for its industry-leading security, transparency, and trading engine speed. Its diverse portfolio spans trading, finance, education, research, social goods, payments, institutional services, and Web3 applications. Committed to fostering an inclusive financial ecosystem, Binance aims to expand financial access worldwide through cryptocurrency. For more information, visit: https://www.binance.com.