What happened — the licences and their scope On 8 December 2025 , Binance — the world’s largest cryptocurrency exchange by trading volume and users — announced that it had secured a full set of regulatory approvals from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM), the UAE’s international financial centre. ( adgm.com ) Under this authorisation, Binance.com — its global platform — will operate under a three-entity structure within ADGM, each licensed separately to mirror traditional financial market infrastructure. ( The Economic Times ) The three entities and their roles: Nest Exchange Limited (formerly “Nest Services Limited”) — licensed as a Recognised Investment Exchange (RIE). It will run Binance’s on-exchange trading: spot and derivatives operations via a Multilateral Trading Facility. ( adgm.com ) Nest Clearing and Custody Limited — licensed as a Recognised Clearing House (RCH) and authorised to provide custody and set...
Breaking News: Crypto-Friendly Silvergate Bank Announces 'Voluntary Liquidation' - A Blow for Crypto Adoption?
Crypto-friendly US-based bank Silvergate Bank has begun the voluntary process of liquidation, according to a statement issued by the California Department of Financial Protection and Innovation (DFPI).
The announcement of Silvergate Bank’s liquidation comes just a day after reports surfaced suggesting that the bank was discussing ways to avoid a shutdown with US federal officials....
Read More: Breaking News: Crypto-Friendly Silvergate Bank Announces 'Voluntary Liquidation' - A Blow for Crypto Adoption?
The announcement of Silvergate Bank’s liquidation comes just a day after reports surfaced suggesting that the bank was discussing ways to avoid a shutdown with US federal officials....
Read More: Breaking News: Crypto-Friendly Silvergate Bank Announces 'Voluntary Liquidation' - A Blow for Crypto Adoption?
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