Binance, the leading cryptocurrency trading exchange with 300 million users worldwide, has made a significant regulatory breakthrough that will provide greater security for users trading digital assets. The Financial Services Regulatory Authority (FSRA) at ADGM, the international financial center of Abu Dhabi, has approved a license allowing the platform to operate within a global regulatory framework. The approval represents an important milestone in Binance’s mission to create a digital asset ecosystem that complies with global regulations.
“We are the first global exchange to obtain full regulatory approval from one of the world’s most respected regulators, ensuring our global operations and liquidity are supervised end-to-end. This is a historic milestone for Binance and the digital assets market, and a further demonstration to our users of the commitment we have to building the most trusted and compliant exchange on the market,” said Guilherme Nazar, Binance Vice President for Latin America.
The authorization also places the company in a prime position to connect to new markets that rely on strong regulatory regimes. It covers the entire platform of the institution, which will provide services through three distinct entities: Bourse, Clearing House and Broker.
Nest Exchange Limited – formerly Nest Services Limited – has been licensed as a Recognized Investment Securities Exchange (RIE), with authorization to operate a multilateral trading platform. The entity will be responsible for all trading activities, including spot and derivatives products.
Nest Clearing and Custody Limited has been approved as a Recognized Clearing House (RCH). It will manage the clearing, settlement and secure custody of digital assets, ensuring operational resilience and robust asset protection. And Nest Trading Limited – formerly BCI Limited – will be the broker responsible for offering Binance’s “off-exchange” services, including over-the-counter (OTC) trading, conversion services and other third-party based activities.
Binance’s new registration joins others registered around the world, such as in Brazil, Argentina, India, Sweden, France, Japan and El Salvador, among others. In line with global standards, the broker’s compliance program includes robust anti-money laundering (AML) policies and controls and a comprehensive framework to combat terrorist financing (CFT).
Additionally, the program also includes detailed identity verification processes (Know Your Customer and Know Your Business, or KYC and KYB). It also has a state-of-the-art Financial Crimes Compliance (FCC) unit, designed to help law enforcement authorities investigate crypto-related crimes and provide training, strengthening the collaborative security of the ecosystem.
With over $125 trillion in cumulative trading volume across the 100+ countries in which it operates, Binance continues to lead the evolution of the digital asset ecosystem, building an infrastructure that is secure, transparent, and fully regulatory compliant.
About The Author
