Binance is now the first crypto exchange ever to receive a global regulatory licence under the Abu Dhabi Global Market (ADGM), marking a major milestone for digital asset regulation.
According to Binance, the Financial Services Regulatory Authority (FSRA) of ADGM has officially authorised its global platform, Binance.com, under its regulatory framework.
The licence allows Binance to operate through three regulated entities in Abu Dhabi, covering exchange services, clearing and custody, and broker-dealer functions.
Nest Services Limited, which will be renamed Nest Exchange Limited, has been licensed as a recognised investment exchange and will run a multilateral trading facility for on-exchange trading, including spot and derivatives.
Nest Clearing and Custody Limited has been approved as a recognised clearing house, with added authority to act as a central securities depository. It will oversee clearing, settlement and custody operations for digital assets.
BCI Limited, soon to be renamed Nest Trading Limited, has been authorised as a broker-dealer, enabling it to manage investments, arrange transactions, provide custody and money services, and offer off-exchange products such as OTC trading and conversions.
Richard Teng, co-CEO of Binance, said the regulatory approval underscores Binance’s commitment to compliance, transparency and user protection.
He added that the licence delivers greater regulatory clarity and legitimacy, supporting the company’s ability to operate its global business from ADGM.
