12-3-2025 – Abu Dhabi’s investment powerhouse MGX has secured a substantial $2 billion stake in the world’s preeminent cryptocurrency exchange, Binance.
This groundbreaking institutional placement, executed through stablecoin transactions, represents a watershed moment for both entities. For MGX, it marks their inaugural venture into the digital asset landscape, whilst for Binance, it heralds their first major institutional investment.
The cryptocurrency giant, which commands a formidable daily trading volume exceeding $20 billion, has already established deep roots in the Emirates. The firm maintains a robust workforce of approximately 1,000 personnel in Abu Dhabi, underscoring its commitment to the region.
Adding a layer of strategic significance to this partnership is the leadership of Richard Teng, Binance’s chief executive, whose previous tenure at the helm of Abu Dhabi’s Financial Services Regulatory Authority brings valuable regulatory insight to the exchange’s operations.
