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MGX BACKS Binance IN LANDMARK INVESTMENT

Abu Dhabi-backed investor buys into Binance with $2 bln of crypto

Abu Dhabi-backed investment group MGX has made a $2 billion cryptocurrency investment in Binance, the companies said on Wednesday, deepening ties between the world's largest crypto exchange and the United Arab Emirates.

Gulf Business on MSN · 16h

Abu Dhabi’s MGX makes $2bn crypto investment in Binance

The deal, which Binance called its first institutional investment, is one of the largest ever in the crypto industry

Crypto Exchange Binance Scores $2 Billion Stablecoin Investment From Abu Dhabi’s MGX

Binance, the world’s largest cryptocurrency exchange by trading volume, has sold a minority stake to United Arab Emirates state-owned investment firm MGX for $2 billion. The deal was paid in an unnamed stablecoin,

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MGX Invests $2 Billion in Binance, But Traders Are Rushing to BlockchainFX as Its Super App Whitelist Nears Full Capacity

The cryptocurrency industry is witnessing one of the largest institutional investments in history. Abu Dhabi-based AI and ...

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UAE crypto bet is a new twist on AI infrastructure

Abu Dhabi’s burgeoning obsession with artificial intelligence just took something of a detour. The richest of the United Arab ...

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Abu Dhabi’s MGX Hires From Apollo, Warburg Amid Trump’s AI Push

Abu Dhabi’s MGX, which is helping bankroll the $100 billion artificial intelligence venture touted by Donald Trump, is ...

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