Global fintech and funding innovation ecosystem

Binance Gets $2B UAE While Trump Family Weighs Stake

Crypto | March 13, 2025

Freepik wirestock, Abu Dhabi

Image: Freepik/wirestock

UAE’s MGX Backs Binance with $2B as Trump Family Talks Surface

Binance, the world’s largest cryptocurrency exchange announced that Abu Dhabi’s MGX Fund Management, a state-owned company, has injected $2 billion in the company.  Binance CEO Richard Teng said funds will be used to expand global operations, develop new blockchain financial solutions, and bolster compliance.

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Meanwhile, reports have surfaced that the Trump family is in talks to acquire a stake in Binance.US, as the exchange looks to re-establish full operations in the U.S. after facing significant regulatory hurdles in the U.S.

Ahmed Yahia, Managing Director and CEO, MGX:

“MGX’s investment in Binance reflects our commitment to advancing blockchain’s transformative potential for digital finance. As institutional adoption accelerates, the need 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.”

In June 2023, the U.S. Securities and Exchange Commission filed a lawsuit against Binance and its CEO, Changpeng Zhao (CZ), for alleged violations of U.S. securities laws. In November 2023, Binance and Zhao pleaded guilty to federal charges including money laundering and sanctions violations, resulting in CZ resigning as Binance CEO and paying a whopping $4.3 billion fine.

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Despite the heightened regulatory scrutiny, as of February 2025 Binance.US has reinstated U.S. dollar (USD) deposit and withdrawal services after a 19 month suspension. While some states such as North Carolina still impose restrictions, Binance.US continues to operate across much of the country, adapting to regulatory requirements and working to regain market confidence.

Key Developments

Closing Outlook

The convergence of financial interests between the UAE and Binance, coupled with growing political ties in the U.S. are positive signals for the world's largest crypto exchange.  Further, if Binance secures new backing from the Trump family, it will gain strong political support as it looks to re-establish and grow U.S. operations.


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