Binance co-CEO Richard Teng has described the acquisition of a full market license in Abu Dhabi as a historic and strategic milestone for the company. This license represents the first opportunity to bring the entire Binance platform under a comprehensive and fully regulated framework, establishing it as one of the most regulated cryptocurrency exchanges worldwide. Recognizing Abu Dhabi’s globally respected financial system and stringent regulatory standards, Binance has strengthened its operations in the region to ensure user protection, transparency, and responsible innovation. The license will not only enhance Binance’s international partnerships but also boost confidence among financial institutions and major business clients. According to Binance’s CEO, Abu Dhabi’s regulatory framework will set a standard for the company’s global operations and assist in developing better, compliant, and high-quality products. This development also underscores Binance’s growing significance and acceptance in the crypto asset sector. The move comes amid tightening global regulations on cryptocurrencies, with financial institutions prioritizing transparency and legal compliance. Binance’s Abu Dhabi license is viewed as a positive step that will foster market confidence and provide a secure environment for users. This initiative guarantees trust for Binance’s global customers and will further solidify its leadership in the global digital assets market.
Source: binance
