Binance, one of the leading global crypto exchanges, has conducted a vibrant event — Binance Blockchain Week 20205 — in Dubai last week. Following this massive moment comes the news that it has secured a set of full suit of licenses from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) to operate Binance.com.
This regulatory approval is a huge milestone for the world’s largest crypto exchange by trading volume, as it became the first exchange to receive full authorization from the financial regulator.
“This global first is a major step in Binance’s mission to create the most trusted and compliant digital-asset ecosystem in the world,” read an official statement by ADGM.
FSRA’s comprehensive regulatory protection is a big win for Binance
Binance has already achieved an in-principle regulatory approval from the FSRA of Abu Dhabi in 2022, which means the current milestone is not a “we registered under ADGM” headline. Instead, the exchange received a full comprehensive approval that includes three distinct licensed entities.
- Exchange or trading venue
- Clearing house
- Broker-dealer facilitation
In detail, under the exchange entity, Binance’s Nest Services Limited has received approval to operate as a Recognised Investment Exchange (RIE). The exchange can now operate a multilateral trading facility, like spot and derivatives trading on Binance.
Nest Services Limited, which will soon be renamed as Nest Exchange Limited, is the global operator of the Binance platform.
The clearing house is another licensed entity of Binance. Here, Nest Clearing and Custody Limited secured the approval with permissions to deliver custody and Central Securities Depository (CSD) services. CSD is the official central record keeper of securities ownership and settlement.
The third one, BCI Limited, is now recognized as a broker-dealer under the FSRA. BCI Limited will be renamed Nest Trading Limited and will manage assets, prepare custody, arrange deals in investments, and offer money services.
Why are FSRA’s licenses a big deal for Binance?
Like in any other traditional finance, securing complete regulation is a big deal for crypto exchanges. As Binance gets the full approval from the FSRA of ADGM, it strengthens trust, transparency, security, and reputation both in the UAE and globally.
Following the announcement of the landmark achievement, Richard Teng, Co-CEO of Binance, underscored that the latest license offers “regulatory clarity and legitimacy, enabling Binance to support its global operations from ADGM.”
Moreover, as Binance remarked on X, the key regulatory approval signals a major leap for global adoption and a step closer to one billion users. As such, chances are high that users or investors will gain more confidence in Binance, as top-tier licenses enhance trust, security, and transparency on the platform.
