Binance Becomes the First Exchange to Receive a Full Set of Licenses from ADGM

ADGM has approved three licenses for Binance, dividing its operations into an exchange, a clearing center, and a broker-dealer platform operating under the Nest brand.
The authorization confirms Binance’s compliance with international regulatory standards and allows the company to run international services from Abu Dhabi.

The launch of regulated operations on Binance.com within ADGM is scheduled for January 5, 2026.

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) issued Binance three licenses enabling the company to operate under the “gold standard” of regulation. This is the first time a cryptocurrency exchange has received a comprehensive authorization covering exchange, clearing, and broker-dealer activities within a single regulatory framework.

The authorization structures Binance’s operations into three independent companies under the Nest brand: Nest Exchange, Nest Clearing and Custody, and Nest Trading. Each entity received its own set of licenses. This architecture mirrors the traditional structure of financial markets and allows the regulator to supervise each infrastructure component separately.

What the ADGM License Means for Binance

According to Binance co-CEO Richard Teng, ADGM’s regulatory framework gives the exchange predictable conditions and global legitimacy. The FSRA license confirms Binance’s compliance with standards of corporate governance, risk management, and consumer protection, and provides a legal basis for serving international clients from Abu Dhabi.

Teng noted that Binance’s distributed model remains in place, but operations within ADGM establish a single supervisory center and enhance user trust.

The company stated that operations under FSRA supervision will begin on January 5, 2026, after operational preparations are completed.

Earlier, Binance paid out $283 million in compensation to users following the asset depegging during the market crash on October 10. The exchange reimbursed losses to Earn product holders and covered liquidations caused by sharp price fluctuations.

See also: "Binance Launches Service for Restoring Deleted Accounts"

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