🌟 Binance announced that it has obtained a full global license from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM).
* Regulatory Framework: This license is a significant step as it places the global Binance platform under a comprehensive, stringent, and globally recognized regulatory framework, considered a "gold standard" in the financial sector.
🏛️ The new operating structure (organizational chapter)
To meet the stringent requirements of ADGM, Binance will operate its global services through three separate entities within ADGM, reflecting the organizational structures of traditional financial markets (Traditional Finance - TradFi):
* Nest Exchange Limited: It will obtain a recognized investment exchange license (RIE), and will be responsible for all trading activities within the platform (spot trading and derivatives).
* Nest Clearing and Custody Limited: It will obtain a recognized clearing house license (RCH), and will be responsible for the clearing, settlement, and custody services for digital assets.
* Nest Trading Limited (Broker/Dealer): It will be responsible for off-platform activities, such as over-the-counter (OTC) trading and conversion services.
🛡️ What does this mean for the user?
* Enhanced Protection: Operating within the ADGM financial system provides users with additional consumer protection and enhanced regulatory oversight.
* Regulatory Clarity: This license grants Binance clarity and confidence, enhancing its position as a global platform operating under reliable global frameworks.
* Updating Agreements: As you have seen in the picture, this transition requires updating user agreements, terms of service, and privacy notices, as these new entities in ADGM will become the contracting party with you for certain services, and will be responsible for data processing (Data Controller).
🗓️ Timeline
Binance is scheduled to commence its licensed activities under the umbrella of ADGM starting from January 5, 2026, after completing all operational and technical preparations.
Therefore, the notice you received is part of this transition process to confirm your agreement to the new terms associated with this important regulatory arrangement.
