Gadgets: Binance Sells Minority Stake to Abu Dhabi’s MGX Sovereign Wealth Fund for $2 Billion

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Binance Sells Minority Stake to Abu Dhabi's MGX Sovereign Wealth Fund for $2 Billion

Abu Dhabi-based MGX wealth management fund has acquired an undisclosed stake in Binance for $2 billion (roughly Rs. 17,403 crore). According to Binance co-founder Changpeng Zhao, this marks the platform's first institutional investment.

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