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 ...

MGX is based out of Abu Dhabi, the capital of the UAE. The chairman of the firm, which specializes in AI and tech investments, is Bitcoin, the world’s largest cryptocurrency, stayed flat.

MGX made the minority investment in Binance in March, but the stablecoin that would be used to settle the deal wasn’t disclosed. The companies will use World Liberty’s USD1 stablecoin for the ...

DUBAI (Reuters) -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 ...