Galaxy: MGX's single investment in Binance accounts for 40% of Q1 crypto financing
Galaxy Digital's report shows that the total amount of venture capital in the encryption industry in the first quarter of 2025 reached $4.9 billion, an increase of 40% compared to the previous quarter, the highest since the third quarter of 2022. More than 40% of the funds (about $2 billion) came from Abu Dhabi sovereign fund MGX's single investment in Binance. U.S. companies continue to lead with 38.6% of the trading volume, with financing mainly focused on trading platforms, DeFi, and infrastructure.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Crypto Loan Carnival round 26: Borrow USDT, USDC to enjoy an APR discount of up to 40%
Crypto Loan Carnival round 26: Borrow USDT, USDC to enjoy an APR discount of up to 40%
Announcement on the increase of borrowing limit coefficients for Bitget spot margin VIP levels
Bitget x DGRAM Carnival: Grab a share of 49,500,000 DGRAM
