The cryptocurrency giant Binance has obtained three exclusive licenses issued by the Abu Dhabi financial regulatory authority, allowing it to operate exchanges, clearinghouses, and brokerage services under the Financial Services Regulatory Authority (FSRA) framework.
According to a press release and announcement from Binance on Monday, the independent financial regulator of the Abu Dhabi Global Market (ADGM), FSRA, has approved the issuance of licenses to Binance's subsidiaries: Nest Exchange Limited, Nest Clearing and Custody Limited, and Nest Trading Limited.
Binance's co-CEO Richard Teng stated in a statement that these licenses provide a clear regulatory framework and legitimacy, enabling Binance to support its global operations from ADGM.
"While our global business remains widely distributed, leveraging talent and innovative resources from around the world, this regulatory foundation provides our users with peace of mind, knowing that Binance operates under a globally recognized gold standard framework," he said.
"We appreciate the proactive approach taken by the FSRA, which ensures user safety while promoting innovative development."
Binance currently does not have an official corporate headquarters, which typically determines the tax obligations a company must fulfill and the regulations it must follow.
Cointelegraph has reached out to Binance for further comments.
According to guidance issued in February 2020, the FSRA clearly states that authorized entities conducting regulated activities within the ADGM must establish a "mind and management" operational center in the region, including allocating resources to business, governance, compliance, supervision, operations, technology, IT, and human resources functions.
According to Binance, operating under the ADGM financial services regulatory framework will provide additional consumer protection measures for Binance users while enhancing the oversight of the regulatory authority. The exchange plans to commence its "regulated activities" on January 5, 2026.
Richard Teng stated in a post on the X platform on Monday that this is "a significant milestone for Binance," as it becomes the first global exchange to receive approval from a respected regulatory authority, with its international operations and liquidity subject to end-to-end comprehensive oversight.
Binance has already established a solid foundation in the UAE, having obtained a virtual asset service provider license in Dubai in April 2024 and securing a $2 billion investment from Abu Dhabi's artificial intelligence and technology venture capital firm MGX in March.
Related: Three Binance Bitcoin charts point to the direction of BTC's next major move
Original: “Binance Obtains ADGM License to Operate International Platform”
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