Binance says Abu Dhabi's MGX invests $2 billion into crypto exchange

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Binance says Abu Dhabi's MGX invests $2 billion into crypto exchange - Channel News Asia

Quick Summary:

Cryptocurrency exchange Binance said on Wednesday Abu Dhabi investment group MGX had invested $2 billion worth of cryptocurrency into the company.

Binance said in a statement posted on its website that it was the first time it had taken institutional investment.

FILE PHOTO: Smartphone with displayed Binance logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023.