Binance Leaves Abu Dhabi
Dec, 2023

Binance Leaves Abu Dhabi

Binance seems to rearrange its global strategy and the markets that will remain active in the next months.


The last victim of the new strategy is the market of Abu Dhabi, where the Binance subsidiary, BV Investment Management, withdraw the license for the region while the respective team will also be dissolved from here.


For the history, the license was acquired a year later and allowed Binance to collect capital from investors and put their money in cryptos, through its platform.


In parallel, FRSA from Abu Dhabi (the respective SEC) didn’t make any comment on the case.


Binance, the largest crypto exchange worldwide, showed how states will face the cryptos in the next months and practically, remains a warning about what will happen in the future.


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