Binance secures $ 2 billion investment of MGX-a turning point for the crypto industry and the role of VAE as a global center for digital assets

Binance: Strategische Investition von MGX und die wachsende Rolle der VAE im Kryptomarkt Am Mittwoch, den 12. März 2025, gab Binance, die weltweit größte Kryptobörse nach Handelsvolumen, eine bedeutende Investition bekannt. Die in Abu Dhabi ansässige Investmentgesellschaft MGX hat 2 Milliarden Dollar in das Unternehmen investiert. Diese Finanzspritze markiert nicht nur den ersten institutionellen Einstieg in die Börse, sondern auch das erste Engagement von MGX im Bereich digitaler Vermögenswerte. Laut einer Pressemitteilung wurde die Investition in Form eines nicht näher genannten Stablecoins getätigt, was die wachsende Rolle stabiler Kryptowährungen in institutionellen Transaktionen unterstreicht. Binance verzeichnet täglich ein Handelsvolumen von über …
Binance: Strategic investment of MGX and the growing role of the VAE in the cryptom market on Wednesday, March 12, 2025, announced a significant investment, the world's largest crypto exchange according to trading volume. The investment company MGX, based in Abu Dhabi, has invested $ 2 billion in the company. This financial injection not only marks the first institutional entry into the stock exchange, but also the first commitment of MGX in the field of digital assets. According to a press release, the investment was made in the form of an unspecified stable coin, which underlines the growing role of stable cryptocurrencies in institutional transactions. Binance records a trading volume of over ... (Symbolbild/KNAT)

Binance secures $ 2 billion investment of MGX-a turning point for the crypto industry and the role of VAE as a global center for digital assets

Binance: Strategic investment of MGX and the growing role of the VAE in the cryptomarkt

On Wednesday, March 12, 2025, Binance, the world's largest crypto exchange after trading volume, announced a significant investment. The investment company MGX, based in Abu Dhabi, has invested $ 2 billion in the company. This financial injection not only marks the first institutional entry into the stock exchange, but also the first commitment of MGX in the field of digital assets. According to a press release, the investment was made in the form of an unspecified stable coin, which underlines the growing role of stable cryptocurrencies in institutional transactions.

Binance records a trade volume of over $ 20 billion every day and thus remains the undisputed market leader, as data from CoinmarketCap show. The company already has a strong presence in Abu Dhabi, where it employs around 1,000 people. The connection to the region is reinforced by the past of the current CEO, Richard Teng, who previously headed the Abu Dhabi Financial Services Regulatory Authority. This relationship could explain the strategic background of the investment and shows how closely Binance is linked to the financial structures of the United Arab Emirates (VAE).

The investment of MGX underlines the growing importance of the VAE as a hub for crypto companies. Last year Binance FZE, the Dubai subsidiary, received a license as a Virtual Asset Service Provider (VASP) from the Virtual Assets Regulatory Authority (Vara) in Dubai. This license allows Binance to offer comprehensive commercial and stock exchange services in the entire VAE. In addition, the company's Abu Dhabi subsidiary can offer the company's custody services, which was approved by the financial supervision there. These regulatory progress signal a favorable environment for cryptoinnovations in the region.

The message about the investment caused BNB's course, the native token of the BNB Chain associated with Binance, increase by $ 574 for a short time. However, the course quickly returned the profits and fell back to $ 550. This illustrates the volatility of the market, but also reflects the trust of institutional actors in the long -term stability of Binance.

The partnership between MGX and Binance could be seen as a turning point for the crypto industry. It illustrates how traditional financial institutions are increasingly investing in digital assets and relying on established actors such as bony. For Abu Dhabi, this could be the beginning of an even greater positioning as a global crypto center, supported by strategic investments and advanced regulation.

Overall, this development shows how dynamic and promising the market for digital assets is in the VAE and worldwide. The combination of institutional interest, innovative technologies and robust regulatory framework could continue to drive the growth of crypto exchanges and digital assets in the region.