Binance Achieves Comprehensive ADGM Approval for Crypto Services in Abu Dhabi
Binance Secures Full ADGM Approval
Binance, a leading cryptocurrency exchange, has obtained full authorization from the Abu Dhabi Global Market (ADGM) to provide exchange, custody, and broker-dealer services. This move is a significant milestone for Binance as it integrates into Abu Dhabi's well-established regulatory environment.
Key Developments
- ADGM's approval allows Binance to operate Binance.com under a regulated framework recognized globally.
- Binance will function with a three-entity model: licensed exchange, clearing and custody services, and a broker-dealer.
This approval highlights the UAE's position as a leader in digital finance and strengthens Binance's global operations by providing a reliable regulatory framework. Binance's strategic expansion into jurisdictions with defined crypto regulations continues, reinforcing its commitment to regulatory compliance.
Activities under this authorization are expected to commence in early 2026, offering users increased protection under ADGM's robust regulatory framework. Binance's co-CEO, Richard Teng, formerly associated with Abu Dhabi Global Market, underscores the exchange's dedication to regulatory adherence as it seeks new growth avenues.