V -$ 2 billion .. An Emirati company pumps investments in an encrypted currency platform

The well -known Pinance platform announced that MGX, an investor in artificial intelligence and advanced technology based in Abu Dhabi, will invest two billion dollars on the platform.

This investment is the largest in an encrypted currency company and the first institutional investment in Binance, which is the largest platform for cryptocurrency in the world, and the new investment of the Emirati company guarantees a minority stake in the platform.

MGX is a state -based state -based investment company.

This represents the first investment of the company in the field of cryptocurrencies, as it had previously cooperated with Openai, SoftBank, and Oracle to support the $ 100 billion artificial intelligence plan for US President Donald Trump.

“The company’s investment in Binance reflects our commitment to strengthening the manufacturing capabilities of blockchain technology in digital financing,” said Ahmed Yahya, CEO of MGX, Ahmed Yahya.

“This investment is by MGX MGX is a separate sign of encrypted industry, and for Binance,” said Richard Ting.

“We are the future of digital financing,” Ting continued.

Binance reported that it has more than 260 million registered users, with a cumulative trading volume of more than 100 trillion dollars, about 20% of its global worker, its headquarters in the United Arab Emirates.

Thanks to the UAE government’s active policy in the field of encrypted currencies, the UAE is a leading player in adopting cryptocurrencies in the Middle East and North Africa.

The UAE is the third largest economy in encrypted currencies in the region between July 2023 and June 2024, receiving more than 30 billion dollars in encrypted currencies.