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Binance has secured a $2 billion investment from Abu Dhabi's MGX, marking it the largest investment in a crypto company to date, giving MGX a minority stake.
What’s the Scoop?
- Record Investment: Abu Dhabi's MGX invested $2 billion in Binance, marking the largest-ever investment in a crypto company.
- Strategic Stake: The investment gives MGX a minority stake in Binance to support blockchain technology development.
- Institutional Support: This move signals significant institutional support towards Binance as it aims for a more secure and scalable blockchain infrastructure.