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Exchange First To Secure Global License

Binance just secured three fresh licenses from the Financial Services Regulatory Authority (FSRA) in ADGM (Abu Dhabi Global Markets). The largest crypto exchange is now the first crypto exchange to secure a global license under its framework.

FSRA, for those who don’t know, is the financial watchdog that oversees financial activities within ADGM, Abu Dhabi’s international financial hub.

The announcement came through a press release shared by ADGM on 8 December 2025. It confirms FSRA’s approval of licenses for Binance’s Nest Exchange Limited, Nest Clearing and Custody Limited, and Nest Trading Limited.

With licences in the bag, ADGM has given Binance the go-ahead to run its exchange, clearing house, and broker‑dealer services under its framework.

Meanwhile, Richard Teng, Binance’s Co-CEO, said, “This license provides regulatory clarity and legitimacy, enabling Binance to support its global operations from ADGM.”

“While our global operations remain distributed, leveraging talent and innovation worldwide, this regulatory foundation offers our users peace of mind knowing Binance operates under a globally recognised, gold standard framework,” he said.

Teng added, “We are grateful for the FSRA’s forward‑thinking approach, which safeguards users while fostering innovation.”

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What Are These Licences? And What Do They Do?

The authorization Binance received today from the FSRA covers its global platform through three distinct licenses within ADGM. They each play a specific role.

First, Nest Services Limited (soon to be renamed to Nest Exchange Limited) will manage the trading side, including spot and derivatives.

Meanwhile, Nest Clearing and Custody Limited will be in charge of all the behind-the-scenes activities, including clearings, settlements, and custody of the digital assets.

Finally, BCI Limited, or Nest Trading Limited (to which it will soon be renamed), will take charge of the broker‑dealer side of things, handling off‑exchange services like OTC trades and conversions.

The licenses are a part of Binance’s mission to maintain compliance as it scales its business globally.

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Binance To Shore Up In ADGM?

Binance differs from traditional companies. It simply means that it does not have a fixed headquarters that dictates the tax rules and regulations. However, that may soon change. Binance may end up shoring up in Abu Dhabi.

In 2020, the FSRA made it clear that any company that runs regulated activities in its financial zones needs to have a management base present at all times. Meaning, Binance has to put resources into areas such as compliance, governance, tech, HR, operations, etc., to operate out of ADGM.

Meanwhile, Binance says that compliance with ADGM’s rules will give its users more protection due to stronger oversight. It plans to get a move on with its regulated activities starting 5 January 2026.

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Key Takeaways


  • Binance secured three licenses under ADGM’s FSRA.  The company becomes first to secure a global license.

  • Richard Teng, Binance’s Co-CEO, said, “This license provides regulatory clarity and legitimacy, enabling Binance to support its global operations from ADGM.”

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Arijit MukherjeeArijit Mukherjee

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