Breaking: Binance gets FSP license in Abu Dhabi amid FTX crisis
Binance, the top cryptocurrency exchange, is ready to launch its crypto custody services in Abu Dhabi Global Market (ADGM). Binance, the world’s largest cryptocurrency exchange, has been granted a Financial Services Permission by the Abu Dhabi Global Market’s Financial Services Regulatory Authority.
Binance will be allowed to provide custody to professional clients if the FSP standards as set forth by the FSRA are met. Binance was granted In-Principle Approval by the ADGM authority in April 2022 to be a broker-dealer for virtual assets.
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