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Binance in Talks With Dubai, Abu Dhabi on Headquarters Plan

  • Largest crypto exchange has faced global regulatory pressure
  • Announcements on headquarters plan could come in new year
Zhao Changpeng
Zhao ChangpengSource: Bloomberg

Binance Holdings Ltd., which has claimed to be a virtual company, has held discussions with regulators in the United Arab Emirates about a potential headquarters in the Gulf Arab nation, according to people with direct knowledge of the matter.

Executives at the world’s largest cryptocurrency exchange by trading volume have been in talks with officials from special economic zones Abu Dhabi Global Market, Dubai International Financial Centre, and Dubai Multi Commodities Centre about a potential move, said the people, who requested anonymity as the talks are private.