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APAC Crypto Race Heats Up as Robinhood Enters Indonesia and Binance Secures Full Abu Dhabi Licensing
Yahoo Finance· 2025-12-08 09:02
Core Insights - The Asia-Pacific region is a highly competitive market for global cryptocurrency firms, with recent developments indicating an escalation in competition [1][2] - Robinhood's acquisition of two regulated Indonesian financial companies marks its first significant entry into Southeast Asia [3][5] - Binance has secured a full set of operational licenses from Abu Dhabi's Financial Services Regulatory Authority, becoming the first exchange to operate under comprehensive regulatory supervision in the emirate [2][8] Robinhood's Expansion - Robinhood has entered into agreements to acquire PT Buana Capital Sekuritas and PT Pedagang Aset Kripto, gaining access to Indonesia's dynamic retail trading market [3][4] - The acquisition allows Robinhood to service existing customers while expanding its product offerings to include U.S. equities and crypto trading [4][5] - This move signifies Robinhood's intention to compete with regional exchanges like Tokocrypto and Indodax [5] Binance's Regulatory Achievement - Binance has achieved a regulatory milestone by obtaining a full suite of licenses from the FSRA of Abu Dhabi Global Market, enabling it to operate a complete digital asset ecosystem [6][8] - The licenses include authorization for a regulated exchange, a clearing and custody entity, and a broker-dealer platform [8] - This positions Abu Dhabi as a potential new hub for closely supervised crypto activities [8]
X @Sei
Sei· 2025-09-11 06:00
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