Binance has received formal authorisation from the Financial Services Regulatory Authority (FSRA) of the ADGM.
The approval covers Binance’s global platform, Binance.com, under a comprehensive regulatory framework.
The regulatory authorisation is granted across three separate entities operating within ADGM, each with defined permissions.
Nest Services Limited, soon to be renamed Nest Exchange Limited, is approved as a Recognised Investment Exchange (RIE).
It may operate a Multilateral Trading Facility and handle on-exchange trading of spot and derivatives products.
Nest Clearing and Custody Limited is approved as a Recognised Clearing House (RCH).
It can manage clearing, settlement, custody, and central securities depository services.
This ensures operational resilience and protects user assets.
BCI Limited, soon to be renamed Nest Trading Limited, has received approval as a Broker-Dealer.
It can deal in investments, arrange deals, manage assets, provide custody, and offer money services.
It also supports over-the-counter trading, conversion services, and other principal-based activities.
Richard Teng, Co-CEO of Binance, said:
“Holding an FSRA license under their gold-standard framework shows that Binance meets the highest international standards for compliance, governance, risk management, and consumer protection.”
He added that the licence provides regulatory clarity and legitimacy, allowing Binance to support its global operations from ADGM while reassuring users of a recognised compliance framework.
Ahmed Jasim Al Zaabi, Chairman of ADGM, commented:
“We are pleased to welcome Binance to ADGM. Their presence underscores Abu Dhabi’s standing as a leading international hub for innovation and the future of finance.”
Binance, with over 300 million registered users and more than US$125 trillion in cumulative trading volume, plans to commence regulated operations under ADGM on 5 January 2026.
Featured image credit: Edited by Fintech News Middle East, based on image by patcharaporn1984 via Freepik
