Which exchange won Abu Dhabi license?

TLDR

Binance won three Abu Dhabi Global Market (ADGM) FSRA licenses to operate exchange, clearing, and broker?dealer services in the UAE, a first for a global crypto platform global ADGM licenses.

1. First global exchange with end?to?end FSRA approval under ADGM regulatory win.
2. Structure spans Nest Exchange, Nest Clearing and Custody, and Nest Trading entities license details.
3. Regulated operations are expected to begin in early 2026 %%CKPROTECTED0%%.

Deep Dive

1. Winner

The exchange that secured Abu Dhabis comprehensive crypto license is Binance. Multiple reports confirm FSRA granted three licenses under ADGMs framework to cover exchange, clearing, and broker?dealer activities regulatory win, global ADGM licenses.

2. License Scope

The authorization is structured across three Binance?affiliated entities: Nest Exchange Limited (trading venue), Nest Clearing and Custody Limited (clearing, custody, settlement), and Nest Trading Limited (broker?dealer/OTC), providing end?to?end regulated coverage license details. This mirrors traditional market infrastructure and places the platform under strict FSRA oversight global ADGM licenses.

3. Timing and Significance

Reports indicate formal operations under the ADGM permissions are slated to start in early 2026, giving time for operational readiness and compliance build?out timing. The move aligns with the UAEs broader push for regulated digital?asset activity (for example, parallel approvals for major stablecoin firms), signaling tighter supervision and clearer pathways for institutional participation in the region Circle approval context.

Conclusion

Binance is the exchange that won Abu Dhabis comprehensive crypto license under ADGMs FSRA, spanning exchange, clearing, and broker?dealer functions. This marks a notable regulatory foothold for a global platform and could catalyze deeper institutional participation in the UAEs supervised digital?asset market global ADGM licenses.