Binance's presence in Abu Dhabi Global Markets (ADGM) has been subject to regulatory scrutiny. According to official documents, the company's entities in ADGM are regulated by the Financial Services Regulatory Authority (FSRA).
The regulations state that Nest Exchange Limited is a Recognised Investment Exchange (Derivatives), with a stipulation to operate a Multilateral Trading Facility. Additionally, Nest Clearing and Custody Limited is recognised as a Recognised Clearing House, providing custody services and operating a Central Securities Depository.
Nest Trading Limited, on the other hand, has been authorised to carry out various Regulated Activities, including dealing in investments, arranging deals, managing assets, and providing money services. However, it's essential for investors to note that trading cryptocurrencies involves significant risk and can result in the loss of capital.