Binance Entities in Abu Dhabi Receive Regulatory Recognition

Binance entities in Abu Dhabi have received regulatory recognition from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Markets (ADGM).

According to the FSRA, Nest Exchange Limited has been recognised as a Recognised Investment Exchange (Derivatives), with the stipulation that it must Operate a Multilateral Trading Facility.

Nest Clearing and Custody Limited has also been recognised as a Recognised Clearing House, with the stipulation that it must Provide Custody and operate a Central Securities Depository.

The regulatory framework further states that Nest Trading Limited is authorised to conduct several Regulated Activities, including Dealing in Investments as Principal, Agent, and Arranging Deals in Investments, among others.

It's essential for traders to note that trading cryptocurrencies on Binance involves significant risk and can result in the loss of capital. The UK Financial Conduct Authority does not regulate these activities, nor are they covered by the UK Financial Ombudsman Service or protected under the UK Financial Services Compensation Scheme.