Cryptocurrency exchange Binance He received a huge investment in the amount of $ 2 billion from an investment company based in Abu Zabi MGX.
The contract is the largest investment in a cryptographic company, beating FtxSeries B and $ 1 billion MeanRound Private Equity value $ 1 billion in 2021 – collected during salad days of each the undertaking and cryptography.
The round is also the largest investment ever paid in cryptography (Stablecoin, on release).
“This MGX investment is a significant milestone for the cryptocurrency and binance industry,” said the company’s general director Richard Teng. “Together, we shape the future of digital finances. Our goal is to build a more integration and balanced ecosystem, with strong emphasis on compatibility, security and protection of users. “
The contract is only the latest great splash made by MGX. The company plans to bring around $ 7 billion to a recent one Stargate project. The project is expected to assist build $ 100 billion to $ 500 billion in the data center and infrastructure.
The company also took part in the largest round of 2024 – Databicks“$ 10 billion in increases with a valuation of $ 62 billion – as well XAIFinancing round value $ 6 billion, valuation for $ 50 billion and OpenaiA increase of $ 6.6 billion at valuation after purchase of $ 157 billion.
Cryptographic revival
Many expect cryptographic revival, partly due to the recent administration in the White House. Last week the president Donald Trump He signed an executive order establishing a strategic Bitcoin reserve in the USA, and most expect regulation in the cryptographic industry will fall significantly.
This may also help in financing in the sector that has recently been barely flattened. Last 12 months, $ 8.5 billion was invested in the Web3 industry – defined as cryptographic and blockchain – a similar dollar to $ 8.2 billion invested in 2023, on Crunchbase (*2*)data.