Binance Wins Full ADGM Approval for Exchange, Clearing, and Brokerage Operations

Policy Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Binance Wins Full ADGM Approval for Exchange, Clearing, and Brokerage Operations Abu Dhabi’s Financial Services Regulatory Authority has granted licenses to three Binance entities covering exchange, clearing, and brokerage functions. By Sam Reynolds | Edited by Omkar Godbole Dec 8, 2025, 5:15 a.m. What to know : Binance has received authorization from Abu Dhabi Global Markets (ADMG) to operate under a comprehensive exchange, clearing, and brokerage framework. The approval allows Binance to structure its operations into three regulated entities under the Nest brand, covering exchange, clearing, and trading functions. Binance's presence in Abu Dhabi aligns with regulatory standards and underscores the region's role as a hub for financial innovation. Binance has secured authorization from Abu Dhabi Global Markets (ADGM), Abu Dhabi's special economic zone for finance, to operate under a comprehensive exchange, clearing, and brokerage framework according to a press release from Binance. The approval breaks Binance’s business into three regulated components that mirror a traditional market stack in a traditional finance exchange. Binance’s ADGM presence will be organized under three locally incorporated entities branded as Nest, a regulatory requirement that allows the Financial Services Regulatory Authority to supervise each function separately. STORY CONTINUES BELOW Don't miss another story. Subscribe to the State of Crypto Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . Nest Exchange has been licensed as a Recognized Investment Exchange to operate spot and derivatives trading. Nest Clearing and Custody has been authorized as a Recognized Clearing House with additional custody and CSD permissions, giving the regulator oversight of clearing, settlement, and asset safeguarding. Nest Trading has been approved as a broker-dealer covering off-exchange and OTC activity. Although structured under the Nest brand, all three entities are controlled by Binance and serve as the licensed infrastructure through which Binance.com will operate in Abu Dhabi, aligning the platform with the market-structure standards regulators are pushing global exchanges to adopt. Richard Teng, Binance’s co-CEO, said the framework reflects a commitment to “compliance, transparency, and user protection,” while His Excellency Ahmed Jasim Al Zaabi, ADGM’s chairman, said Binance’s arrival underscores Abu Dhabi’s role as a “leading international hub for innovation, sustainable growth, and the future of finance.” Binance and ADGM did not respond to a CoinDesk request for comment on the possibility of moving its global headquarters to Abu Dhabi. Binance has been on the hunt for a jurisdiction to call home for some time, with Teng telling CoinDesk in 2024 that the process would take some time and the company needed to be "thoughtful" about it. Binance Abu Dhabi More For You Protocol Research: GoPlus Security By CoinDesk Research Nov 14, 2025 Commissioned by GoPlus What to know : As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. 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