Tarik Erk: Binance’s Next Chapter in MENAT Is About Infrastructure, Not Speculation

When Tarik Erk joined Binance as Regional Head for MENAT and Senior Executive Officer in Abu Dhabi, Binance was navigating structural evolution alongside regulatory consolidation in the UAE.

His decision came before recent leadership shifts but shortly after the company secured authorization under Abu Dhabi Global Market (ADGM), formally anchoring its global operations within one of the world’s leading common-law financial centers.

In his conversation with Unlock Blockchain, Erk framed the timing as deliberate rather than opportunistic. “Joining Binance at this moment felt both timely and meaningful. The opportunity to help lead the world’s largest crypto exchange at a point when the region is increasingly shaping the future of the industry was a natural next step.”

He joined during a period of global realignment — a moment some might interpret as uncertain. “In an organization of Binance’s scale, periods of restructuring and realignment are not only natural, but they are also necessary. The industry is evolving quickly, and global platforms must adapt in step with regulatory, technological, and market shifts.”

Waiting for certainty, he suggests, is rarely strategic.

“If you wait for complete certainty, you often miss the moments where meaningful impact can be made. For me, the long-term opportunity outweighed the short-term ambiguity.”

A Shift Toward Infrastructure

Binance’s scale remains significant. In 2025 alone, the platform facilitated more than $34 trillion in trading activity, with lifetime volumes surpassing $145 trillion. At the same time, stablecoins processed more than $3.5 trillion in daily volume across the ecosystem.

But Erk frames the next phase differently.

“The next chapter of crypto is being built on infrastructure, not speculation.”

He points specifically to settlement, custody, payments, and interoperability with traditional finance as the areas where durable value will be created.

“Building regulated, reliable systems across settlement, custody, payments, and interoperability with traditional finance is where long-term value will be created.”

In his view, the evolution is about integration. “The next step is integration, embedding digital assets responsibly into national financial systems, payment networks, and institutional investment frameworks.”

His framing reflects a broader shift in the industry. As regulatory clarity strengthens in key markets, competition among global exchanges is increasingly defined not only by liquidity or product breadth, but by institutional alignment and infrastructure depth.

The Role of ADGM — Alongside VARA

Erk describes operating under ADGM as a milestone. “Operating under ADGM is a significant milestone for Binance and for the UAE. As a common-law international financial center, ADGM provides the legal certainty, governance depth, and institutional familiarity required to operate at a global scale.”

The authorization confirms compliance across governance, risk management, and consumer protection — elements he links directly to deeper institutional engagement.

At the same time, Binance continues to operate under its existing regulatory framework in Dubai through the Virtual Assets Regulatory Authority (VARA). Together, ADGM and VARA reflect Binance’s regulated footprint across the UAE.

Operating under both frameworks places Binance within two of the region’s most developed digital asset regulatory environments — a structure that mirrors how global exchanges are adapting to increasingly formalized oversight across jurisdictions.

“Regulatory clarity has laid the foundation for the next phase of market adoption. The next step is integration.”

Payments as Practical Utility

In MENAT, Tarik emphasizes payments as central to adoption. “Payments are central to the next phase of crypto adoption because they are where digital assets move from concept to everyday utility.”

The region’s demographics — young, digitally native, and deeply connected through cross-border flows — create structural demand for efficient financial rails.

Stablecoins, he argues, are key to that transition.

“Stablecoins have evolved into a core settlement layer for the global digital economy… In emerging and fast-growing markets across MENAT, they are increasingly used for remittances, commerce, and liquidity management.”

The introduction of the UAE dirham stablecoin in 2025 illustrates how local-currency digital assets can accelerate adoption by anchoring innovation in familiar monetary frameworks.

As payments infrastructure matures, the distinction between crypto-native platforms and traditional financial rails may increasingly blur — particularly in markets where regulatory openness and demographic demand intersect.

MENAT’s Evolution

Erk characterizes the region’s trajectory as a move beyond experimentation. “MENAT has evolved rapidly over the past few years, particularly in markets like the UAE, where regulatory openness and long-term thinking have created an environment for digital assets to mature responsibly.”

While trading remains strong, he sees broader use cases emerging. “Digital assets are being used as financial tools, not just investment instruments.”

Collaboration between traditional financial institutions and Web3 platforms is also accelerating. “From standalone platforms to integrated financial infrastructure that supports long-term adoption and institutional trust.”

That transition — from speculative cycles to embedded financial services — may ultimately define which platforms sustain long-term relevance in the region.

Scale With Local Relevance

Global scale, Tarik notes, must be balanced with localization. “Scale on its own won’t drive adoption if the product doesn’t feel relevant to how people actually live and manage money.”

Cultural understanding and data-driven insights guide operational decisions across diverse markets. “Culture helps us identify which use cases will resonate, while data confirms what is actually happening on the ground.”

In Bahrain, for example, rising stablecoin and on-chain activity informed deeper integration with traditional finance through a partnership with Bank of Bahrain and Kuwait.

The UAE’s Distinct Position

Erk identifies the UAE’s early regulatory framework as a defining advantage.

“The UAE was one of the earliest markets in the region to establish a formal regulatory framework for digital assets.” Clear regulation, paired with openness to innovation, has positioned the country as a hub for digital finance.

Whether exchanges can successfully transition from trading platforms to regulated financial infrastructure will likely define the industry’s next competitive cycle. In MENAT, Binance appears intent on positioning itself for that phase.

“The focus is on building the infrastructure and partnerships that make digital assets a natural extension of the region’s existing financial systems.”