MGX completed the acquisition of a minority stake in Binance for $2bn.

MGX, an Abu Dhabi-based AI and advanced technology investor, completed the acquisition of a minority stake in Binance, a cryptocurrency exchange, for $2bn. “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,” Ahmed Yahia, MGX Managing Director and CEO.