Binance’s ADGM Structure: Why One Virtual Asset Platform Uses Three Regulated Companies

When a business uses Binance to buy and hold bitcoin, it sees one platform. Behind that platform, however, different companies can be responsible for operating the market, dealing with the business and safeguarding its assets. Understanding that division explains how the service works and where responsibility sits when a customer trades or leaves assets on the platform.

On 5 January 2026, Binance’s global platform began operating through three companies supervised by the Financial Services Regulatory Authority (“FSRA”) of the Abu Dhabi Global Market (“ADGM”): Nest Exchange Limited, Nest Trading Limited, and Nest Clearing and Custody Limited. Binance said customers would continue using their existing accounts, while services would be provided by the companies responsible for them under the new structure.¹