Binance Sells Minority Stake to Abu Dhabi's MGX Sovereign Wealth Fund for $2 BillionAbu 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.
Source: Binance Sells Minority Stake to Abu Dhabi's MGX Sovereign Wealth Fund for $2 Billion (https://www.gadgets360.com/cryptocurrency/news/binance-sells-minority-stake-abu-dhabi-mgx-sovereign-wealth-fund-usd-2-billion-7915490#rss-gadgets-all)