Abu Dhabi Global Market (ADGM) has made history by approving Binance.com as the first global crypto exchange licensed under its regulatory framework. The authorisation covers three separate entities: Nest Exchange (Recognised Investment Exchange), Nest Clearing and Custody (Recognised Clearing House) and BCI Limited (Broker‑Dealer), each responsible for trading, clearing and custody.
- 📈 World first: the licence gives Binance seamless access to multiple markets and cements ADGM’s status as a progressive regulatory hub.
- 🛡️ Regulatory umbrella: the three entities perform distinct functions trading, clearing and brokerage in line with international standards, ensuring customer protection and transparency.
- 🗣️ Leaders’ statements: Co‑CEO Richard Teng said the licence reflects Binance’s commitment to compliance and user protection; ADGM chairman Ahmed Jasim Al Zaabi noted that Binance’s presence underscores Abu Dhabi’s role as a global hub for innovation.
This milestone may attract more startups and investment to Abu Dhabi and give users safe access to global crypto services. Do you see Abu Dhabi becoming a major player in the global crypto industry?