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Crypto deals plunge, UAE’s MGX invests $2b in Binance
The number of private crypto venture deals fell to 116 in February 2025, one of the lowest monthly totals in recent years.
This figure represents a 60% decline from over 300 deals recorded in October 2024.
This downturn reflects a broader trend in financial markets, where investor risk appetite has decreased.
Despite fewer deals, the total investment value in February remained stable at approximately US$1 billion. This consistency aligns with figures since October 2022.
In March, however, investment has surged to US$2.3 billion so far. This includes a US$2 billion investment in Binance by Abu Dhabi’s MGX, marking Binance’s first institutional investment.
This deal, conducted via stablecoin, aims to support advancements in AI, blockchain, and financial innovation.
Recent Binance developments
| Timeline |
|---|
| 13-Mar-2025 💰 Binance nets $2b UAE-based MGX deal, largest crypto investment UAE’s MGX invests $2 billion in Binance, marking its first institutional investment and a major push into crypto. |
| 18-Feb-2025 💼 Binance not for sale, may accept minority investors Binance’s founder confirms the exchange isn’t for sale but may consider minority investments from interested parties. |
| 12-Feb-2025 ⚖️ Binance, US SEC request 60-day pause in legal battle Binance and SEC seek 60-day pause in legal case, anticipating insights from new crypto task force to aid resolution. |
| 24-Dec-2024 💰 Binance, Kraken lead $10m round for stablecoin issuer Usual Usual raises $10M in Series A funding led by Binance and Kraken, boosting its USD0 stablecoin to over $1 billion market cap. |
| 11-Dec-2024 💱 Binance, stablecoin issuer expand crypto services Binance partners with Circle to boost USDC trading, adding new pairs and promotions while increasing USDC treasury holdings. |
| 10-Dec-2024 🌍 Binance considers global HQ location Binance’s CEO reveals the exchange is exploring global headquarters locations, focusing on tax and talent attraction. |
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