Binance, the cryptocurrency exchange, has received a historic $2 billion investment from Abu Dhabi-based investment firm MGX. This investment marks the largest ever made in a crypto company, surpassing previous notable investments in the sector. The CEO of Binance emphasized that this significant milestone shapes the future of digital finance, focusing on building a more inclusive and secure ecosystem. MGX's contributions are part of a larger strategy to invest around $7 billion into new projects, which include extensive plans for AI datacenters and infrastructure. Amidst expectations of a crypto resurgence, partly due to favorable regulatory changes, venture funding in the sector is anticipated to increase after a recent stagnation in investments. In 2024, the Web3 sector saw a similar investment level to the previous year, indicating a sustained interest in cryptocurrency and blockchain technologies.

Source 🔗