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Binance Secures $2 Billion Investment From Abu Dhabi’s MGX, The Largest Ever In Crypto

by THEFUTURE.TEAM

March 13, 2025

In a groundbreaking move, Emirati state-owned investment firm MGX has announced a monumental $2 billion investment into Binance, marking the cryptocurrency exchange’s first institutional investment and the single largest investment ever made in cryptocurrency. This marks a significant milestone in the growing intersection of AI, blockchain, and finance.

The deal will see a minority stake in Binance acquired by MGX, with the payment made in stablecoins. Stablecoins, which are digital assets pegged to a stable value and typically tied to a fiat currency, ensure a constant value and make this investment the largest ever made in cryptocurrency.

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Ahmed Yahia, Managing Director and CEO at MGX, commented, “MGX’s investment in Binance reflects our commitment to advancing blockchain’s transformative potential for digital finance.” He further stated that the partnership with Binance would enable innovation at the convergence of AI, blockchain technology, and finance.

MGX, launched last year by the Abu Dhabi government, has a strong focus on AI technologies. In September, the firm partnered with heavyweights like BlackRock and Microsoft to launch a $30 billion AI fund. However, this marks its first foray into the cryptocurrency and blockchain sectors.

As part of the UAE’s broader strategy to establish itself as a global leader in technology, the country has also been fostering a growing regional crypto hub. Binance, the world’s largest cryptocurrency exchange, has been expanding its presence in the Middle East despite facing regulatory challenges in other parts of the world. The firm now employs approximately 1,000 people of its 5,000 global workforce in the UAE and serves over 260 million registered users, surpassing $100 trillion in cumulative trading volume.

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Financial Upswing: Cyprus Deposits Surge by Nearly €0.5 Billion in April 2025

by News Editor

May 30, 2025

April 2025 marked a significant financial turn for Cyprus as net deposits soared by €492.9 million, a stark contrast to the net decrease of €66.3 million in March, according to the Central Bank of Cyprus (CBC). This uptrend resulted in deposits reaching a robust total of €56.1 billion.

Key Contributors to Growth

Cypriot residents played a pivotal role in this growth, with their deposits rising by €410.5 million. Household deposits alone surged by €172.2 million, while non-financial corporations contributed another €173.1 million. An additional €65.2 million was garnered from other domestic sectors.

Loan Activity: A Comparative Snapshot

In terms of loans, April saw a net increase of €169.1 million, though this was a tapering from March’s €429.9 million hike. However, the annual loan change rate climbed to 4.9% from the previous 3.1%, highlighting a balanced financial environment.

For more insights on financial trends impacting Cyprus, consider exploring how Cyprus’s labor market is strengthening. Stay tuned for more updates on how these trends affect various sectors.