VASPCheck

VASP Compliance Summary — Binance

Binance Holdings Ltd. · Exchange · United Arab Emirates

Exported 2026-08-25

Data reviewed 2026-08-08

Overview

Compliance snapshot

Overall regulatory statusRegistered

EU MiCA statusTransitional regime

VARA VASP licence — Dubai — broker-dealer and exchange services
No group-level MiCA CASP authorization; operating via national transition regimes
Trustpilot 3.4/5 · 21,900 reviews
USD 4.3bn US settlement (2023) still shapes counterparty appetite

Medium concern

Large global venue with several national registrations, but a history of significant enforcement settlements and a fragmented EU authorization footprint.

Authorizations

Licenses & registrations

Jurisdiction	Regulator	Authorization	Status	Reference	Granted
United Arab Emirates	Virtual Assets Regulatory Authority VARA · https://www.vara.ae/en/licenses-and-register/public-register/	VASP licence (exchange & broker-dealer)	Authorized	VARA-2023-0044	2023-04-12
France	Autorité des marchés financiers AMF · https://www.amf-france.org/en	PSAN registration	Registered	E2022-037	2022-05-04
Poland	Ministry of Finance VASP register MF · https://www.esma.europa.eu/esmas-activities/digital-finance-and-innovation/markets-crypto-assets-regulation-mica	National VASP registration	Registered	RDWW-621	2022-09-27
United States	Financial Crimes Enforcement Network FinCEN · https://www.fincen.gov/msb-registrant-search	MSB registration (Binance.US entity)	Registered	31000-1160-9921	2019-09-18

Reputation

Reputation scores

Trustpilot-style score3.4 / 5

Reviews21,900

App Store4.5

Google Play4.1

12-month trendup

Press sentiment (12m)+3 / ~3 / −5

Media

Recent press

Date	Source	Headline & summary	Sentiment
2026-07-30	Reuters	Exchange rebuilds European licensing strategy The group said it is pursuing a single EU authorization after withdrawing several national registrations.	Neutral
2026-06-11	Financial Times	Compliance headcount doubled since settlement Management pointed to expanded monitoring staff and an independent compliance monitor.	Positive
2026-05-02	Bloomberg	Supervisors question cross-border flows Several European supervisors requested additional data on client onboarding from offshore entities.	Negative
2026-03-19	CoinDesk	Market share stabilises after two-year decline Spot volumes recovered as new fiat rails were added in Asia.	Positive
2025-11-25	Reuters	National regulator opens review of local unit A European regulator opened a routine AML review of a local subsidiary.	Negative

Risk events

Incidents & enforcement

Date	Type	Amount	Description
2024-04-30	Enforcement	—	Former chief executive sentenced in the United States in connection with AML program failures.
2023-11-21	Fine	USD 4,300,000,000	Global settlement with US authorities over sanctions and AML program violations.
2022-10-06	Hack	USD 570,000,000	Cross-chain bridge exploit; the network was halted and the majority of assets frozen.

Profile

Key facts

Founded2017

Websitebinance.com

Fiat currenciesEUR, USD, AED, TRY, BRL

Proof of reservesYes

Custody modelOmnibus hot/cold wallet structure with reserve attestations

Legal entitiesBinance Holdings Ltd. (KY) · Binance FZE (AE) · Binance France SAS (FR)

Binance

RegisteredTransitional regimeESMA register

Binance Holdings Ltd.

Exchange🇦🇪 United Arab Emirates Founded 2017binance.com

Visit website

Last reviewed

2026-08-08

Compliance snapshot

VARA VASP licence — Dubai — broker-dealer and exchange services
No group-level MiCA CASP authorization; operating via national transition regimes
Trustpilot 3.4/5 · 21,900 reviews
USD 4.3bn US settlement (2023) still shapes counterparty appetite

Overall concern

Medium concern

Large global venue with several national registrations, but a history of significant enforcement settlements and a fragmented EU authorization footprint.

Regulatory

Licenses & registrations

Jurisdiction	Regulator	Authorization	Status	Reference	Granted
🇦🇪 United Arab Emirates	Virtual Assets Regulatory AuthorityVARA	VASP licence (exchange & broker-dealer)	Authorized	VARA-2023-0044	2023-04-12
🇫🇷 France	Autorité des marchés financiersAMF	PSAN registration	Registered	E2022-037	2022-05-04
🇵🇱 Poland	Ministry of Finance VASP registerMF	National VASP registration	Registered	RDWW-621	2022-09-27
🇺🇸 United States	Financial Crimes Enforcement NetworkFinCEN	MSB registration (Binance.US entity)	Registered	31000-1160-9921	2019-09-18

🇦🇪 United Arab Emirates
Authorized
VASP licence (exchange & broker-dealer)
Virtual Assets Regulatory AuthorityVARA
VARA-2023-00442023-04-12
Verify at source
🇫🇷 France
Registered
PSAN registration
Autorité des marchés financiersAMF
E2022-0372022-05-04
Verify at source
🇵🇱 Poland
Registered
National VASP registration
Ministry of Finance VASP registerMF
RDWW-6212022-09-27
Verify at source
🇺🇸 United States
Registered
MSB registration (Binance.US entity)
Financial Crimes Enforcement NetworkFinCEN
31000-1160-99212019-09-18
Verify at source

User signals

Reputation

Trustpilot-style score

3.4/ 5

3.4

21,900 reviews

Improving (12m)

App ratings

App Store: 4.5
Google Play: 4.1

Press sentiment (12m)

Positive3

Neutral3

Negative5

Media

Recent press

2026-07-30
Exchange rebuilds European licensing strategyNeutral
Reuters — The group said it is pursuing a single EU authorization after withdrawing several national registrations.
2026-06-11
Compliance headcount doubled since settlementPositive
Financial Times — Management pointed to expanded monitoring staff and an independent compliance monitor.
2026-05-02
Supervisors question cross-border flowsNegative
Bloomberg — Several European supervisors requested additional data on client onboarding from offshore entities.
2026-03-19
Market share stabilises after two-year declinePositive
CoinDesk — Spot volumes recovered as new fiat rails were added in Asia.
2025-11-25
National regulator opens review of local unitNegative
Reuters — A European regulator opened a routine AML review of a local subsidiary.

History

Incidents & enforcement

2024-04-30Enforcement
Former chief executive sentenced in the United States in connection with AML program failures.
2023-11-21FineUSD 4,300,000,000
Global settlement with US authorities over sanctions and AML program violations.
2022-10-06HackUSD 570,000,000
Cross-chain bridge exploit; the network was halted and the majority of assets frozen.