Guavy AI Editorial TeamSentiment: -1Clout: 30

Binance ADGM Entities Regulated by Abu Dhabi Global Markets

Binance's entities in the Abu Dhabi Global Markets (ADGM) have been confirmed to be regulated by the Financial Services Regulatory Authority (FSRA). This regulation covers three entities: Nest Exchange Limited, Nest Clearing and Custody Limited, and Nest Trading Limited.

Nest Exchange Limited has been recognized as a Recognised Investment Exchange (Derivatives), with specific requirements for operating a Multilateral Trading Facility. Additionally, Nest Clearing and Custody Limited is recognized as a Recognised Clearing House, stipulating the provision of custody services and operation of a Central Securities Depository.

Nest Trading Limited has been authorized to engage in various Regulated Activities, including dealing in investments as principal or agent, arranging deals, managing assets, providing money services, and arranging custody. It is essential for users to be aware that trading cryptocurrencies with Binance involves significant risk and can result in capital loss.

Users are advised to consider their level of experience, investment objectives, and seek independent financial advice if necessary. Furthermore, it is crucial to note that the firm nor investments in cryptoassets are regulated by the UK Financial Conduct Authority or subject to protection under the UK Financial Services Compensation Scheme.