Overview
- The Financial Services Regulatory Authority of Abu Dhabi Global Market approved Binance.com under its regulatory framework, according to the company and local coverage.
- The authorization is structured across three ADGM entities: Nest Services Limited (to be Nest Exchange Limited) as a Recognised Investment Exchange, Nest Clearing and Custody Limited as a Recognised Clearing House, and BCI Limited (to be Nest Trading Limited) as a Broker-Dealer.
- Permissions span on-exchange spot and derivatives trading, clearing and settlement with custody services, and off-exchange offerings such as OTC trading and conversions.
- Binance says the license provides regulatory clarity to support global operations from Abu Dhabi, and ADGM’s chairman publicly welcomed the exchange.
- The approval aligns with ADGM’s drive to expand its digital-asset ecosystem through updated rules and a growing roster of licensed firms.