Binance announces the transfer of its global operations to the Abu Dhabi Global Market and has obtained full regulatory authorization from the local authorities

According to official announcements, Binance has announced that it has obtained full regulatory authorization from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Markets (ADGM) to operate its global platform under a comprehensive and internationally recognized regulatory framework. According to the requirements of ADGM FSRA, Binance's operations will be transferred to a new regulatory framework aimed at enhancing platform transparency, supervision, and risk management. Starting from 16:00 on January 6, 2026 (GMT+8 time), Binance services will be provided through three entities licensed by ADGM, each entity playing a specific role based on its regulatory authority. To comply with the new regulatory framework, Binance is updating its protocol arrangements with users. Previously, all Binance services were mainly provided by Nest Services Limited (which will be renamed "Nest Exchange Limited" after obtaining permission). Starting from January 5th, 2026, these Binance services will be provided by Nest Exchange Services Limited, Nest Clearing and Custody Limited, and Nest Trading Limited. Starting from 16:00 on January 5, 2026 (GMT+8 time), each entity regulated by ADGM will serve as the data controller for the services it provides. As part of this conversion, Binance is updating its terms of use and privacy notices. The updated document will take effect on January 5th, 2026, replacing the current version. Starting from January 5th, 2026, the open positions of derivative trading conducted by users on the trading platform will be "transferred" to Nest Clearing and Custody Limited for clearing. Nest Clearing and Custody Limited will also serve as custodians for central counterparties and user digital assets.