Binance, the world's largest cryptocurrency exchange, has achieved a significant regulatory milestone by securing full authorization from the Abu Dhabi Financial Services Regulatory Authority (FSRA) to operate a global platform under the Abu Dhabi Global Market (ADGM) framework. This marks the first time a crypto exchange has received approval to operate a global platform under an internationally recognized regulatory structure.
The approval grants licenses to three Binance-affiliated entities operating under the "Nest" brand, each with distinct functions mirroring traditional financial market structures. Nest Exchange received a Recognized Investment Exchange license for spot and derivatives trading. Nest Clearing and Custody was authorized as a Recognized Clearing Institution for clearing, custody, and central depository services. Nest Trading received a broker-dealer license covering over-the-counter (OTC) transactions.
While structured separately to meet local regulatory requirements, all three entities will operate under Binance's control and form the licensed infrastructure for Binance.com's Abu Dhabi operations. Binance co-CEO Richard Teng stated this move "demonstrates their commitment to compliance, transparency, and user protection."
ADGM Chairman Ahmed Jasim Al Zaabi emphasized that Binance's arrival solidifies Abu Dhabi's position as "a leading hub for innovation and the future of finance." The approval followed detailed operational, compliance, and risk management checks by the FSRA, which demands strong internal systems, clear reporting, and strict consumer protection rules.
This development represents a turning point for Binance's global compliance network and signals a shift in how leading regulators approach digital assets. The UAE strengthens its reputation as a region supporting innovation with strict compliance standards, with ADGM emerging as a trusted regulatory home for large-scale digital asset operations.
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