The Largest Crypto Investment in History 🧵👇
Abu Dhabi-based MGX has made a record-breaking $2 billion investment in Binance, acquiring a minority stake in the world’s largest crypto exchange.

Key Points

➤ First institutional investment in Binance, marking a significant milestone for the exchange.

➤ Largest-ever investment in a crypto company, fully settled in stablecoins.

➤ MGX enters blockchain as part of its strategy at the intersection of AI, crypto, and DeFi.

Market Impact

➤ Institutional support for blockchain, signaling confidence in the industry.

➤ AI’s growing role in crypto finance, as MGX plans to integrate artificial intelligence into blockchain solutions.

➤ Strengthening Binance’s dominance, with 260M users and over $100T in cumulative trading volume.

➤ Regulatory stability, as Binance continues expanding in the UAE, where it already employs ~1,000 staff out of 5,000 globally.