The Abu Dhabi Financial Services Regulatory Authority has granted licenses to three Binance units $BNB including trading, clearing, and brokerage functions.
According to the press release from Binance, Binance has received approval from Abu Dhabi Global Markets (ADGM), the special economic zone for finance in Abu Dhabi, to operate under a comprehensive framework for trading, clearing, and brokerage.
This approval divides Binance's business operations into three regulated components, reflecting the structure of traditional markets within a conventional financial exchange. The presence of Binance ADGM will be organized under three locally established units called Nest, a legal requirement allowing the Financial Services Regulatory Authority to oversee each separate function.
Richard Teng, co-CEO of Binance, stated that this framework reflects a commitment to "compliance, transparency, and user protection," while Mr. Ahmed Jasim Al Zaabi, chairman of ADGM, noted that Binance's presence emphasizes Abu Dhabi's role as a "leading international hub for innovation, sustainable growth, and the future of finance."
👉 An opportunity for us to continue accumulating $BNB , come on guys!
