Crypto

Binance Secures New Financial Licenses To Expand Global Reach

David Parker
David Parker
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The crypto exchange’s latest success extends its reach in the Middle East

Binance has secured three new financial licenses in Abu Dhabi, giving the company approval to operate exchange, clearing, and broker-dealer services under the Financial Services Regulatory Authority (FSRA). The licenses were granted to Nest Exchange Limited, Nest Clearing and Custody Limited, and Nest Trading Limited, all of which will function within the Abu Dhabi Global Market (ADGM). This marks a significant regulatory step for the crypto firm as it works to strengthen oversight and credibility across its global operations.

Co-CEO Richard Teng said the approvals offer long-awaited regulatory clarity and establish a framework that supports Binance’s expanding international business. He emphasized that operating under a recognized supervisory system gives users confidence that the exchange is complying with strict standards. Teng also credited the FSRA for taking an approach that encourages innovation while maintaining strong consumer safeguards.

The new licenses mean Binance may need to establish substantial operational presence in Abu Dhabi. ADGM rules require authorized firms to maintain “mind and management” within the zone, which includes core governance, compliance, and technical functions. This could bring portions of Binance’s worldwide activity under closer regional oversight.

For users, Binance says the FSRA framework adds layers of protection, including enhanced security and regulatory monitoring. The company plans to launch its regulated services under the ADGM structure beginning January 5, 2026. Teng noted that Binance is now the first major global exchange to receive this level of approval from the Abu Dhabi regulator.

Binance is already active in the UAE, holding a virtual asset service provider license in Dubai and receiving a $2 billion investment from local venture firm MGX in 2024. The new permissions further cement the company’s growing footprint in the region and signal its continued effort to work within formal regulatory channels worldwide.

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