Breaking: Binance Gets FSP License In Abu Dhabi Amid FTX Crisis PlatoBlockchain Data Intelligence. Vertical Search. Ai.

Breaking: Binance Gets FSP License In Abu Dhabi Amid FTX Crisis

Top cryptocurrency exchange Binance is all set to start its crypto custody services in the Abu Dhabi Global Market (ADGM).  The Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market has granted Binance, the largest cryptocurrency exchange in the world, a Financial Services Permission (FSP).

As per the license, Binance will be permitted to provide custody to professional clients if they meet the FSP’s standards as defined by the FSRA. Notably, Binance received In-Principle Approval (IPA) from the ADGM authority to operate as a broker-dealer in virtual assets in April 2022.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

  • Coinsmart. Europe’s Best Bitcoin and Crypto Exchange.Click Here
  • Platoblockchain. Web3 Metaverse Intelligence. Knowledge Amplified. Access Here.
  • Source: https://coingape.com/breaking-binance-gets-fsp-license-in-abu-dhabi-amid-ftx-crisis/

Time Stamp:

More from Coingape