Binance has obtained a full regulatory license from the Financial Services Regulatory Authority of the Abu Dhabi Global Market (ADGM) to operate the Binance platform within a strict regulatory framework.
This license is considered the first of its kind globally, allowing Binance to operate under a framework that simulates regulatory structures in traditional financial markets.
What does the license include?
The license allows Binance to operate through three licensed independent entities within the Abu Dhabi Global Market:
- Licensed Spot and Derivatives Exchange platform
- Custody and protection of client funds
- A financial intermediary providing OTC services, transfers, and off-platform trade organization
This division resembles the structure of traditional financial markets and enhances governance and user protection.
Why is this license important?
- Proves that crypto has become part of the real financial system
- Provides greater confidence to investors and institutions
- Increases the confidence of ordinary users
The impact of licensing on the adoption of crypto in MENA and the UAE
This step is considered a turning point in the region:
- Encouraging the entry of large institutional capital
- Facilitating integration between crypto and traditional financial services
- Providing a regulatory model that other countries in the Middle East can follow
- Enhancing the UAE's position as a global hub for digital finance and limitless innovation
