Binance said Abu Dhabi’s MGX has acquired a minority stake for $2 billion, the first institutional investment in the world’s largest cryptocurrency exchange.

It's the first institutional investment in the crypto exchange and the investment was made in stablecoin, Binance said.

Binance, the world’s largest cryptocurrency exchange by trading volume, has sold a minority stake to United Arab Emirates state-owned investment firm MGX for $2 billion. The deal was paid in an unnamed stablecoin,

Abu Dhabi-backed investment group MGX has made a $2 billion cryptocurrency investment in Binance, the companies said on Wednesday, deepening ties between the world's largest crypto exchange and the United Arab Emirates.

The deal, which Binance called its first institutional investment, is one of the largest ever in the crypto industry

Abu Dhabi-based technology investment firm MGX has invested $2 billion in Binance, the world's largest cryptocurrency exchange, marking Binance's

Abu Dhabi’s state-owned investment firm MGX has made a landmark $2 billion investment in Binance, marking the cryptocurrency exchange’s first institutional funding and the largest-ever investment in crypto paid entirely in digital assets.

Binance secures a $2 billion investment from Abu Dhabi-based MGX, reinforcing its position in the digital asset market.

Binance, the world’s largest cryptocurrency exchange, has secured a $2 billion investment from Abu Dhabi-based investment firm MGX.

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.