Binance became the first crypto exchange to obtain global authorization under the Abu Dhabi Global Market (ADGM), solidifying its position as the largest regulated entity in the digital finance sector.
The Financial Services Regulatory Authority (FSRA) of ADGM officially approved the operation of Binance’s global platform under a comprehensive regulatory regime that covers trading, clearing, and brokerage services. This decision elevates Binance’s engagement with regulators and strengthens trust in the exchange’s infrastructure.
The FSRA authorization applies to three specialized Binance entities in ADGM, each responsible for a separate operational area in line with international standards:
- Nest Services Limited (to be renamed Nest Exchange Limited) received Recognised Investment Exchange (RIE) status with the right to operate a multilateral trading facility (MTF). This entity will handle all trading activities.
- Nest Clearing and Custody Limited was granted Recognised Clearing House (RCH) status and authorization to provide custodial services and act as a central securities depository (CSD). The company will manage clearing, settlements, and secure storage of digital assets.
- BCI Limited (to be renamed Nest Trading Limited) was approved as a broker-dealer authorized to conduct OTC trading, conversion operations, asset management, and money services.
Binance Co-CEO Richard Teng described the approval as a “gold standard” of regulation and a testament to the company’s commitment to transparency, risk management, and user protection. According to him, the license provides Binance with regulatory clarity and legitimacy, enabling it to support global operations in full compliance with international requirements.
His Excellency Ahmed Jasim Al Zaabi, Chair of ADGM, emphasized that cooperation with Binance strengthens Abu Dhabi’s role as an international hub for innovation and sustainable growth in FinTech.
The press release notes that Binance has over 300 million registered users worldwide, and the platform’s cumulative trading volume exceeds $125 trillion. Operating under ADGM oversight will enhance customer protection and create a solid foundation for further expansion in both institutional and retail segments.
The full launch of Binance’s regulated operations in Abu Dhabi is expected on January 5, 2026, upon completion of final procedures. This milestone reinforces Binance’s leadership in building a transparent and secure digital financial infrastructure and highlights the UAE’s ambition to become a global hub for technological and financial innovation.
