MGX has invested $2 billion in Binance

The cryptocurrency exchange Binance has received $2 billion from the investment company MGX from Abu Dhabi. This was reported by ForkLog, citing representatives of the trading platform.

It is noted that this investment became the first institutional and the largest investment for the platform. Binance received the funds in stablecoins. The investment indicates that MGX has entered the cryptocurrency sector.

“As institutional adoption accelerates, the need for secure, compliant, and scalable blockchain infrastructure and solutions has never been greater. Binance has long been a driving force in cryptocurrency innovation, from exchange technologies and tokenization to staking and payments,” said MGX CEO Ahmed Yahya.

Earlier, we reported that the cryptocurrency exchange Binance blocked a market maker serving the projects GoPlus Security (GPS) and MyShell (SHELL) after identifying violations in its activities.