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    Home»Crypto News»Binance Receives $2,000,000,000 Funding From Abu Dhabi Funding Agency MGX – The Every day Hodl
    Binance Receives ,000,000,000 Funding From Abu Dhabi Funding Agency MGX – The Every day Hodl
    Crypto News

    Binance Receives $2,000,000,000 Funding From Abu Dhabi Funding Agency MGX – The Every day Hodl

    By Crypto EditorMarch 12, 2025No Comments2 Mins Read
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    The world’s largest crypto alternate platform by quantity is receiving $2 billion value of investments from a state-owned Emirate funding agency centered on expertise and synthetic intelligence (AI).

    In a brand new thread on the social media platform X, Binance proclaims that will probably be taking its first institutional funding on file – a staggering $2 billion value of stablecoins from the wealth fund MGX, the only largest funding in a crypto agency ever.

    “MGX, an Abu Dhabi sovereign wealth fund, invests $2 billion in Binance for a minority stake. The transaction can be 100% in crypto (stablecoins), marking it the most important funding transaction accomplished in crypto to this point. That is additionally the primary institutional funding Binance has taken. Onwards… Construct!”

    In a latest press launch, Binance notes that the funding was MGX’s first foray into digital belongings and that the agency obtained a minority stake within the alternate “as a part of a broader technique to help blockchain’s transformative impression on society.”

    The press launch notes that Binance CEO Richard Teng was CEO of the Abu Dhabi Monetary Providers Authority, and “performed a key position in initiating one of many world’s first crypto regulatory frameworks.”

    In a put up on the social media platform X, Binance co-founder Yi He mentioned that Binance welcomes investments from sovereign wealth funds, however not monetary buyers.

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    Binance Receives $2,000,000,000 Funding From Abu Dhabi Funding Agency MGX – The Every day Hodl

    Disclaimer: Opinions expressed at The Every day Hodl aren’t funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual danger, and any losses it’s possible you’ll incur are your duty. The Every day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Every day Hodl an funding advisor. Please be aware that The Every day Hodl participates in online marketing.

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