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.
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