Binance has become the first cryptocurrency CEX to obtain a global license under the Abu Dhabi Global Market regulatory framework, establishing a new standard for cryptocurrency asset regulation

BlockBeats News, December 8th, Binance announced that the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM), the financial regulatory authority of the UAE capital Abu Dhabi, has formally approved Binance's global platform to operate under its comprehensive regulatory framework. This global-first regulatory approval is a significant step for Binance in its commitment to building the world's most trusted and compliant cryptocurrency ecosystem.

This comprehensive regulatory review of Binance's global platform covered three independently operated regulated entities within the ADGM. These three entities (an exchange, a clearinghouse, and a brokerage) each hold distinct regulatory permissions to conduct specific financial services under the internationally recognized top-tier regulatory framework of the ADGM. With over 300 million registered users globally and a total trading volume exceeding $125 trillion, Binance continues to lead the development of the cryptocurrency ecosystem by establishing a secure, transparent, and fully compliant infrastructure.

Binance Co-CEO Richard Teng stated: "Attaining regulatory approval within ADGM's esteemed regulatory framework reflects our steadfast commitment to compliance, transparency, and user protection. ADGM is one of the world's most respected financial regulatory bodies, and obtaining the FSRA license within its industry-leading framework signifies that Binance has met the highest international standards in compliance, governance, risk management, and consumer protection."