Abu Dhabi regulator licenses Binance exchange

The local regulator Abu Dhabi Global Market has granted a license to provide services on the crypto market to the Binance exchange.

The crypto platform is increasing its presence in the Middle East. It has now been licensed and will officially provide crypto-currency services in the digital asset industry in Abu Dhabi. The exchange also has licenses from Bahrain and Dubai.

Representatives of the exchange are registering the platform. This was told by the head of the Middle East direction of Binance Richard Teng (Richard Teng). Once this process is completed, the exchange will be able to officially present its business in the region, offering a full range of services to investors.

Teng noted in his interview that Binance plans to develop the crypto industry in the Middle East, maintaining world standards in this area.

 

 

Recall that recently a competing firm, the FTX crypto exchange, also received a license in the UAE.

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