Clifford Chance and Gibson Dunn advised Binance on Financial Services Regulatory Authority (FSRA) approval of Binance.com under the Abhu Dhabi Global Markets’ (ADGM) regulatory framework.

This landmark development also cements the ADGM as a leading jurisdiction in the adoption of crypto asset regulation and marks a meaningful step in the continued global adoption of digital assets and the development of secure, transparent, and sustainably regulated markets.

Binance is the first digital assets exchange to obtain a full suite of FSRA licenses for global operations under ADGM’s internationally recognized regulatory framework.

Clifford Chance has advised Binance, the world’s largest digital asset exchange by trading volume and users, on the regulatory announcement that The  FSRA of ADGM has formally approved the authorisation of Binance’s global platform, Binance.com, under a comprehensive regulatory framework.

The cross-border Clifford Chance team was led by Partners Jack Hardman and Diego Ballon Ossio, with a team of international specialists: In London, FMI and regulatory specialists Emanuel Gutwenger, Madeleine Yates, Anastasia Mikhaleva and Akanksha Bhagat. In the UAE, Cheuk Yin Cheung, head of financial products and in Singapore Partner Lena Ng. The wider team across the firm included: Yaru Chia, Ella Fellows-Moore, Ilijah Gibbs, Claudia Madrid, Brynley Hamer and Li Ma.

Gibson Dunn supported Binance in its successful authorization by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) as a Recognized Investment Exchange, Recognized Clearing House, and Broker Dealer.

The Gibson Dunn team was led by of Counsel Sameera Kimatrai with support from Associates Aliya Padhani, Holly Alderton, and Rand Shahin.