SA国际传媒

Cryptocurrency exchange received a massive $2 billion investment from Abu Dhabi-based investment firm .

The deal is the single largest investment into a crypto company, beating out 鈥檚 $1 billion Series B and 鈥檚 $1 billion private equity round in 2021 鈥� raised during the salad days of both venture and crypto.

The round is also the largest investment ever paid in crypto (stablecoin, per the ).

鈥淭his investment by MGX is a significant milestone for the crypto industry and for Binance,鈥� said company CEO . 鈥淭ogether, we are shaping the future of digital finance. Our goal is to build a more inclusive and sustainable ecosystem, with a strong focus on compliance, security, and user protection.鈥�

The deal is just the most recent big splash made by MGX. The firm plans to contribute about $7 billion to the new . The project is anticipated to help build out $100 billion to $500 billion in AI datacenters and infrastructure.

The firm also took part in the largest round of 2024 鈥� 鈥� $10 billion raise at a $62 billion valuation 鈥� as well as 鈥檚 $6 billion funding round valuing it at $50 billion, and 鈥檚 $6.6 billion raise at a post-money valuation of $157 billion.

Crypto resurgence

Many are expecting a crypto resurgence thanks in part to the new administration in the White House. Just last week President signed an executive order establishing a U.S. strategic bitcoin reserve, and most expect regulation in the crypto industry to drop substantially.

That could help venture funding in the sector, which has somewhat flattened recently. Last year, $8.5 billion was invested into the Web3 industry 鈥� defined as crypto and blockchain 鈥� a similar dollar amount to the $8.2 billion invested in 2023, per SA国际传媒 .

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