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World’s biggest crypto exchange Binance gets $2 bn investment from Abu Dhabi’s sovereign wealth fund MGX
The investment aligns with the United Arab Emirates’ broader push to establish itself as a global technology and crypto hub. The exact size of the stake MGX acquired or which stablecoin would be used for the payment was not disclosed
MGX has announced a $2 billion investment into Binance– the cryptocurrency exchange’s first institutional investment ever. Reuters
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