Binance's global operations will be transferred to Abu Dhabi Global Marketplace; service provider has changed.

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According to Mars Finance, on December 8th, Binance announced that it has obtained full regulatory authorization from the Abu Dhabi Global Markets (ADGM) Financial Services Regulatory Authority (FSRA). Binance's operations will be transferred to the new regulatory framework. Effective January 5th, 2026, at 16:00 (UTC+8), Binance services will be provided through three ADGM-licensed entities, each playing a specific role based on its regulatory authority: Nest Exchange Services Limited: as an "Accredited Investment Trading Platform (authorized to operate a multilateral trading facility)"—responsible for all trading platform-related activities, including spot and derivatives trading. Nest Clearing and Custody Limited: as an "Accredited Clearing House (authorized to provide custody services)," responsible for clearing and settlement—serving as the central counterparty for derivatives trading on the trading platform and ensuring the security of users' digital assets. Nest Trading Limited: as a "Brokerage Dealer"—responsible for over-the-counter trading activities and proprietary trading services (e.g., over-the-counter trading, instant swaps, wealth management). Previously, all Binance services were primarily provided by Nest Services Limited (which will be renamed "Nest Exchange Limited" upon licensing). From January 5, 2026, these Binance services will be provided by Nest Exchange Services Limited, Nest Clearing and Custody Limited, and Nest Trading Limited.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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