The world's largest crypto exchange announced on Monday that it had received a license in Dubai, the largest city in the United Arab Emirates, to provide exchange and broker-dealer services for institutional clients and "qualified retail investors."
Binance FZE, the name of the exchange's Dubai subsidiary, had previously received a provisional license from Dubai's Virtual Asset Regulatory Authority in March 2022. It's the second firm, after the Middle Eastern exchange BitOasis, to reach the third of four steps to secure complete approval for a full market license for broker-dealer services from the Dubai regulator and the first to receive approval for exchange services.
