Binance's global operations will be transferred to the Abu Dhabi Global Market, and the service provider has been changed.

Binance has secured full regulatory approval from the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA), per an official announcement dated December 8. The exchange will transition to a new regulatory framework, with services set to be delivered via three ADGM-licensed entities starting at 4:00 PM UTC+8 on January 5, 2026. Each entity will handle distinct functions aligned with its regulatory permissions: - **Nest Exchange Services Limited**: As a "Recognized Investment Exchange Platform" (authorized to operate a multilateral trading facility), it will oversee all exchange-related activities, including spot and derivatives trading. - **Nest Clearing and Custody Limited**: Operating as a "Recognized Clearing House" (with custody authorization), it will handle clearing and settlement—acting as the central counterparty for the exchange’s derivative trades while safeguarding users’ digital assets. - **Nest Trading Limited**: Serving as a "Broker Dealer," it will manage over-the-counter (OTC) trading activities and proprietary services such as OTC trades, instant swaps, and wealth management. Prior to this approval, Binance’s services were primarily offered through Nest Services Limited, which will be renamed "Nest Exchange Limited" upon securing the license. Starting January 5, 2026, all Binance services will be provided by the three ADGM-licensed entities listed above.