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Although there remains quite a bit of uncertainty about Binance's impending location for a global headquarters, it might just be an oil-rich Gulf kingdom. Regulators in the United Arab Emirates recently entered into discussions about the possibility with Binance, the world's largest cryptocurrency exchange by trading volume, according to Bloomberg.


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The company held talks with the special economic zones of Abu Dhabi Global Market, Dubai International Financial Centre, and Dubai Multi Commodities Centre.

Similar to its move to gain regulatory acceptance in the UK, in recent months Binance has hired former staff at the UAE special economic zones to strengthen the company's bid. The senior staff include Mark McGinness from Dubai Financial Services Authority, and Matt Gamble from Abu Dhabi Global Market.

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Although Binance was established in China in 2017, the company has never had a global head office. The company plans to announce a global headquarters next year.

This month, Binance also announced it was planning to register in the UK, where regulatory hurdles over the summer blocked the crypto exchange from engaging in any "regulated activities." The company is hoping to offer futures and derivatives to British users.

Globally, the crypto exchange has been in protracted regulatory battles to establish itself as a legal entity adhering to governmental scrutiny. To that end, this summer, Binance's European arm decided to suspend derivatives trading in Italy, the Netherlands, and Germany to comply with rules. Similarly, in September, Binance Australia users found themselves restricted from any activity related to trade futures, options, and leveraged tokens.