Binance Gains Licenses from ADGM for Global Platform Operations

Binance’s international operations will now fall under the strict supervision of the Financial Services Regulatory Authority (FSRA) in Abu Dhabi’s financial free zone.

Cryptocurrency leader Binance has secured three distinct licenses from the FSRA, allowing it to conduct its exchange, clearing house, and broker-dealer services. This move is seen as a significant step for the company as it invests in regulatory adherence under the FSRA’s standards.

Richard Teng, co-CEO of Binance, commented, “These licenses instill regulatory clarity and legitimacy, empowering Binance to bolster its global operations from Abu Dhabi’s ADGM.”

“While our global operations remain distributed, utilizing talent and innovation across the globe, this regulatory foundation provides users peace of mind knowing Binance operates under a globally acknowledged, high-standard framework,” he emphasized.

Additionally, Teng expressed gratitude towards the FSRA’s progressive approach that not only safeguards users but also nurtures innovation.

The prospects for Binance in Abu Dhabi

Binance has yet to establish an official corporate headquarters, which can impact tax responsibilities and the regulatory landscape the company must navigate.

Operating under the financial services framework of ADGM promises Binance users extra consumer protections and improved regulatory oversight, with operations expected to start on January 5, 2026.

Teng noted that this is a pivotal achievement for Binance, making it the first global exchange to attain regulatory clearance from a reputable regulator.

Further Considerations

As of now, Binance already operates in the UAE with its virtual asset service provider license acquired in Dubai back in April 2024, alongside a $2 billion investment from MGX, a local tech firm, earlier this year.