Binance Becomes First Crypto Exchange To Secure a Global License Under ADGM Framework, Setting a New Standard in Digital-Asset Regulation

Core Insights - Binance has received regulatory approval from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) for its global platform, Binance.com, marking a significant regulatory milestone in the cryptocurrency industry [1][2][5] Regulatory Approval - The approval encompasses Binance's operations through three regulated entities within ADGM: an Exchange, a Clearing House, and a Broker Dealer, each with specific permissions under ADGM's recognized regulatory framework [3][7] - This regulatory status enhances Binance's credibility and allows for seamless access to multiple markets beyond the UAE, positioning the company as a leader in regulatory compliance within digital finance [2][4] Company Commitment - Richard Teng, Co-CEO of Binance, emphasized the company's commitment to compliance, transparency, and user protection, stating that the FSRA license reflects adherence to high international standards [4] - The regulatory framework provided by ADGM is expected to foster innovation while ensuring user safety, contributing to Binance's global operations [4] Market Position - Binance boasts over 300 million registered users and has achieved a cumulative trading volume exceeding $125 trillion, reinforcing its leadership in the digital asset ecosystem [4][5] - The operational launch of Binance.com under ADGM's regulatory framework is set for January 5, 2026, further solidifying the UAE's role as a global hub for financial innovation [5] Entity Approvals - Nest Services Limited, soon to be renamed "Nest Exchange Limited," has been approved as a Recognised Investment Exchange, responsible for on-exchange trading activities [7] - Nest Clearing and Custody Limited has been approved as a Recognised Clearing House, managing the clearing, settlement, and custody of digital assets [7] - BCI Limited, to be renamed "Nest Trading Limited," has been approved as a Broker-Dealer, facilitating off-exchange offerings such as OTC trading and asset management [7]