Just saw Binance's major announcement, which directly overturns many people's understanding of how cryptocurrency platforms operate—starting from January 5th next year, the Binance services we use will no longer be "dominated by one", but will be managed by three regulated entities!
This is not just a simple name change; there are significant secrets behind it. It turns out that Binance has built a compliance framework specifically to obtain full regulatory authorization from the Abu Dhabi Global Market (ADGM). It should be noted that ADGM's financial regulatory standards are internationally renowned for their strictness, and passing the audit is equivalent to adding a layer of "security lock" to users' assets.