TechFlow news, December 8 — According to an analysis by Fortune, cryptocurrency exchange Binance has announced it has obtained three global financial licenses in Abu Dhabi, the capital of the UAE, indicating that Binance may have chosen Abu Dhabi as its global headquarters.
It is reported that Binance has secured three licenses within Abu Dhabi Global Market (ADGM), a special economic zone, regulating its exchange, clearing house, and brokerage services. The three regulated entities are named Nest Exchange Limited, Nest Clearing and Custody Limited, and Nest Trading Limited, respectively.
Binance Co-CEO Richard Teng declined to directly confirm whether Abu Dhabi is Binance's global headquarters, but stated, "From a regulatory perspective, global regulators care more about where we are regulated globally," and said ADGM will serve as the governance location for Binance's "global platform."
