MGX, The pioneering investor in artificial intelligence and advanced technologies in Abu Dhabi announced a major investment of two billion dollars in Binance.
This represents the largest operation that has been done ever in the cryptocurrency sector and the first institutional investment in the largest encrypted currency exchange platform in the world.
MGX’s commitment to Blockchain and investing in Binance in the heart of Abu Dhabi
Invested in Stablecoin And grant mgx a The minority share in Binance. The main goal is to support the development of Blockchain technology, a highly expanded sector.
Binance, which is employed Nearly 1,000 employees in the United Arab Emirates Among a total of 5,000 around the world, thus enhancing its presence in the region.
The exchange platform currently runs More than 260 million registered users I dealt with the volume of transaction exceeds 100 trillion dollars.
This data greatly makes it the leading exchange of encrypted currencies in the world, bypassing the total of their close competitors.
Ahmed Yahya, Managing Director and CEO of MGX, stressed the importance of this investment for the future of digital financing:
“MGX wants to support Blockchain’s transformative capabilities for digital financing. With the acceleration of institutional adoption, the need for safe, compatible and developed infrastructure increases.”
The entry of MGX to Binance indicates the intention of Abu Dhabi Place itself as a global center for Blockchain and Cryptocurrencys. The city establishes itself as a center for technological innovation, with a focus on strategic investments in digital infrastructure.
Binance CEO optimism
Binance CEO, Richard TingHe also welcomed the enthusiasm of MGX as an investor:
“This process represents a decisive moment for construction and the entire coded currency. We are working to build a more comprehensive and sustainable environmental system, with special interest in compliance, safety and user protection.”
The company committed to reinforcement Market and security organization EncryptionIncreasingly relevant aspect to attract institutional investors and unify the user confidence.
The agreement between Binance and MGX highlights the increasing direction: institutions are increasingly approaching the encryption sector with strategic investments.
Abu Dhabi, through MGX, He wants to become a reference point in Blockchain development In creating a more organized digital financing.
With an increasing number of users and trading volume that does not show any signs of slowdown, Binance confirms itself as a main player in the bull market cryptocurrency.
The arrival of a major institutional investor such as MGX can accelerate the international Blockchain adoption, promotion New regulations, greater stability, and security for investors.
Therefore, this investment represents an important step towards A more integrated encrypted currency market in the global economy.
