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Binance founder Changpeng Zhao has announced a significant achievement for the crypto exchange. Binance is the first to secure global licenses under the Abu Dhabi Global Market (ADGM).
The licenses cover exchange, clearing house, and broker-dealer operations, highlighting Binance's expanding global reach. This move underlines Binance's commitment to fulfilling regulatory requirements and improving its business coverage across key markets.
Binance's continued pursuit of regulatory compliance and expansion aligns with Changpeng Zhao's broader vision for the industry, as highlighted in his remarks on the need to secure crypto access for future generations. This latest milestone reinforces Mr. Zhao’s commitment to responsible growth, building on discussions around ensuring the industry's long-term viability and resilience.