Gaming
Binance Closes Record-Setting $2 Billion Institutional Investment From UAE-Based MGX
Abu Dhabi-based technology investment company MGX has made a record-breaking $2 billion investment in the leading cryptocurrency exchangeBinance. The transaction, conducted in an unnamed stablecoin, marks the first institutional investment in Binance. It also stands as the largest single investment in a cryptocurrency firm and the biggest digital asset-funded placement, including stablecoins.
At the same time, the deal representsMGX ‘s first-ever crypto-focused investment. The company is dedicated to accelerating the adoption and development of cutting-edge technologies, with a strong emphasis on artificial intelligence (AI). To achieve this, MGX has established strategic partnerships both in the UAE and globally while channeling investments into high-impact sectors where AI can drive large-scale economic transformation—ranging from software, semiconductors, and infrastructure to life sciences, physical AI, and tech-enabled services.
Currently, Binance ranks as the world’s largest cryptocurrency exchange, with its cumulative trading volume exceeding $100 trillion. The platform is trusted by over 260 million registered users across more than 100 nations.
Binance provides a diverse range of digital asset services, including trading, finance, institutional offerings, and payments, as well as Web3 features, research, and social good initiatives. According to CoinMarketCap, users traded nearly $20 billion in cryptocurrencies on Binance’s spot market and over $62 billion in derivatives pairs on the exchange in the past 24 hours alone.
Accelerating Crypto Adoption
Binance CEO Richard Teng described his company’s deal with MGX as “a significant milestone for the crypto industry and for Binance.” According to him, the two organizations will “shape 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. Binance remains committed to working with regulators worldwide to establish transparent, responsible, and forward-thinking policies for the crypto industry. Our ongoing investments in security and compliance reinforce our mission to foster a secure and trusted digital financial ecosystem,” he added.
Teng, a former CEO of the Abu Dhabi Financial Services Regulatory Authority (FSRA), played a key role in developing one of the world’s first cryptocurrency regulatory frameworks. According to a press release published on Binance’s website, his expertise in regulatory strategy has been instrumental in shaping the exchange’s compliance approach.
MGX Managing Director Ahmed Yahia believes that his company’s investment in Binance reflects its commitment to advancing blockchain’s transformative potential in digital finance. He emphasized that the demand for secure, compliant, and scalable blockchain infrastructure and solutions “has never been greater.”
“Binance has long been a driving force in cryptocurrency innovation, from exchange technology and tokenization to staking and payments. Together, we are committed to building a more inclusive and robust digital finance ecosystem,” Yahia added.
The UAE’s Growing Role in Crypto Adoption
Over the past few years, the UAE has emerged as a global leader in digital asset adoption. Since Dubai’s introduction of the Virtual Assets and Related Activities (VARA) framework for cryptocurrencies in February 2023, numerous crypto firms have relocated their headquarters to the Gulf nation, drawn by its progressive regulatory landscape.
Even before the introduction of the VARA framework, Binance had already established a strong presence in the UAE. The company recognizes the nation as a global hub for innovation and forward-thinking digital asset regulation.
As of March 13, 2025, Binance employs approximately 1,000 people in the UAE—around 20% of its global workforce of 5,000. Two of Binance’s subsidiaries operate under licenses issued by UAE regulators, further solidifying the company’s long-term commitment to the region.
A Record-Breaking Raise
Binance’s $2 billion raise marks a new record in the cryptocurrency space. Moreover, it nearly doubles the total value of all digital asset venture capital (VC) deals in February 2025. Last month, venture capitalists funded 137 crypto firms with a combined $1.11 billion, according to a report by The TIE.
In February, the top-funded sectors included business service providers, DeFi, security services, payments, and artificial intelligence. However, despite strong VC activity, the largest single raise last month by a crypto company was $79.95 million—a figure that pales in comparison to Binance’s massive $2 billion deal.
With Binance’s investment eclipsing last month’s total VC funding, this record-setting placement could set the stage for an increase in institutional and venture capital investments in the coming months. As regulatory frameworks continue to evolve and institutional interest in crypto expands, the exchange’s latest funding milestone signals growing confidence in the long-term potential of digital assets.
Disclaimer: This article does not have journalistic/ editorial involvement of indiantelevision.com.indiantelevision.com group or its websites does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein.
The reader is further advised that Online Casino, Betting, Online Gaming , Crypto products, Financial Investments/Engagement , NFTs, Products associated with health, wellness, and food are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions or risk associated with health conditions.
Indiantelevision.com group shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in the same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of indiantelevision.com (indiantelevision.com group) of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute financial advice.
Gaming
Esports Nations Cup 2026 unveils first eight titles
Chess, CS2 and mobile hits headline global, flag-based debut
RIYADH: Riyadh is gearing up for a new kind of esports showdown, one where players will not just represent teams or brands, but entire nations. The Esports World Cup Foundation has revealed the first eight titles for the inaugural Esports Nations Cup 2026, set to run from 2 to 29 November in the Saudi capital.
The event introduces a national team format to the global esports calendar, giving players the chance to compete under their country’s flag while fans rally behind familiar colours rather than corporate logos.
The first wave of games offers a broad spread across genres and platforms. The confirmed titles are Chess, Counter-Strike 2, Dota 2, EA Sports FC, Fatal Fury, Honor of Kings, Mobile Legends: Bang Bang and Trackmania. Together, they span classic strategy, tactical shooters, fighting games, sports simulations, mobile arenas and high-speed racing.
Even with just these eight titles, the scale is significant. Thousands of players worldwide will enter qualification routes over the coming months, all chasing a place in Riyadh.
Chess will host 128 players, making it one of the largest international events in the game’s history. Counter-Strike 2 is set for a record-breaking open qualification programme, expected to involve more than 15,000 players across 3,000 teams. Dota 2 will feature 32 national sides battling through rankings, regional qualifiers and wildcard slots.
EA Sports FC will also see 128 competitors qualify through in-game pathways, regional contests and world rankings. The new Fatal Fury title will bring 32 national representatives into a fresh format aimed at spotlighting rising talent in the fighting game scene.
Mobile titles will carry serious weight too. Honor of Kings will feature 24 elite national teams, while Mobile Legends: Bang Bang will host 32 sides competing for a gold medal. Trackmania rounds out the list with a 32-player national field racing in the game’s signature four-way Cup Mode.
Eight more titles are still to be announced, completing the 16-game programme for the debut edition.
With national pride now entering the digital arena, the Esports Nations Cup aims to turn keyboards, controllers and touchscreens into a new kind of flag-bearing sport.
