Binance has achieved a significant milestone by securing full regulatory approval from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM). This authorization enables Binance to operate within one of the most respected and robust regulatory frameworks in the world, strengthening its credibility and presence in the global digital asset space.
ADGM, a leading international financial center in Abu Dhabi, is globally recognized for its stringent regulatory standards and progressive approach to digital asset regulation. This approval allows Binance to expand its operations beyond the UAE, providing seamless access to numerous global markets. By aligning with ADGM’s regulatory framework, Binance aims to offer greater transparency, user protection, and operational resilience.
The FSRA’s comprehensive regulatory environment reinforces Binance’s commitment to compliance and consumer safety, ensuring that users’ assets are safeguarded under one of the world’s most rigorous regulatory regimes. Binance’s adoption of these standards further strengthens its role as a leader in the cryptocurrency sector, reinforcing market integrity and operational stability.
Binance’s Multi-Entity Structure for Enhanced Operational Efficiency
In response to ADGM’s regulatory requirements, Binance will operate through three distinct licensed entities, ensuring a clear separation of functions. Nest Services Limited (soon to be renamed “Nest Exchange Limited”) will handle on-exchange activities like spot and derivatives trading, ensuring transparency and orderly market functioning. Nest Clearing and Custody Limited will oversee clearing, settlement, and the secure custody of digital assets, maintaining the highest standards of security and resilience.
BCI Limited (soon to be renamed “Nest Trading Limited”) will manage off-exchange services, including over-the-counter (OTC) trading and asset conversion. This multi-entity structure strengthens Binance’s risk management and operational transparency, aligning with the highest international standards for safety and governance.
With this achievement, Binance has underscored its commitment to compliance and transparency. Richard Teng, Binance’s Co-CEO, noted that the approval reflects the company’s dedication to governance, risk management, and user protection.
A Step Toward Global Crypto Trust
This regulatory approval from ADGM represents a critical step in Binance’s mission to establish global credibility and trust. It also highlights Abu Dhabi’s growing prominence as a hub for responsible digital finance, supporting Binance’s long-term goals.