BNB Surges as Binance Secures Full ADGM License for Exchange and Brokerage Services
Key Takeaways
- Binance became the first-ever digital assets trading platform to secure a full suite of licenses from the FSRA of ADGM.
- To meet the regulatory requirements, the company will operate as three separate entities, namely Nest Services Limited, Nest Clearing and Custody Limited, and BCI Limited.
- According to Binance, the approval marks a turning point for the industry and is a major leap towards global adoption.
- The Binance coin is trading at around $910.14, 2.35% up in the past 24 hours.
Binance became the first-ever digital assets trading platform to secure a full suite of licenses from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). The company announced that, to meet the regulatory requirements, the company will operate as three separate entities, namely Nest Services Limited, Nest Clearing and Custody Limited, and BCI Limited.
The Binance Wins Full ADGM Approval
According to the X post shared by Binance today, the approval marks a turning point for the industry and a major leap for global adoption. Binance will be operating as three distinct entities to meet compliance standards from January 1st, 2026, 08:00 (UTC).
The Nest Services Limited would focus on the company’s on-exchange trading, including the derivatives and spot exchange. The entity got a green signal to function as a Recognised Investment Exchange (RIE) and is likely to be renamed as Nest Exchange Limited soon.
The second entity, Nest Clearing and Custody Limited, will oversee clearing, settlement, and the secure custody of digital assets, while BCI Limited will operate as a Broker-Dealer. The approval marks the company’s expansion to the Middle East, and the brings regulatory clarity to its functioning. Furthermore, the authorisation from one of the most rigorous regulatory bodies is expected to attract more institutional capital into the ecosystem.
Reacting to the ADGM’s regulatory clearance, Binance Co-CEO Richard Teng said that achieving regulatory status through ADGM’s respected framework reflected their deep commitment to compliance, transparency, and user protection. He further added that ADGM was one of the most respected financial regulators globally and that holding an FSRA license under their gold standard framework showed that Binance met the highest international standards for compliance, governance, risk management, and consumer protection. The approval created a bullish impact on the price trajectory of the Binance coin (BNB).
The Green Signal From ADGM Creates Bullish Impact on BNB
The price of BNB is up today. The Binance coin is trading at around $910.14, 2.35% up in the past 24 hours. The market cap touched $125.37 billion. The 24-hour trading volume surged by more than 42% to reach $1.96 billion. The BNB’s rally is driven by a combination of regulatory approval from ADGM, strong technical signals and ecosystem catalysts such as AllScale, the official ecosystem partner of BNB Chain, raising $5 million in a seed round.
The 14-day Relative Strength Index (RSI) stands at 50, while the BNB is trading above the 10-day Exponential Moving Average and Simple Moving Average. Furthermore, the MACD is having a bullish crossover. The next crucial level is at $921.01, and traders are now closely watching whether BNB can sustain the rally and break above the key zone.
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