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From Exchange to Infrastructure: Binance Builds the Backbone of Crypto in the Region

As the global crypto market enters a more mature phase, a quiet transformation is underway. What was once driven by speculative trading and rapid experimentation is increasingly being shaped by institutional participation, regulatory clarity, and real-world financial integration.

At the center of this shift is a growing focus on infrastructure,  the systems, liquidity, compliance frameworks, and technical rails that allow digital assets to operate at scale. Binance, long known as the world’s largest cryptocurrency exchange, currently serving more than 300M users, is repositioning itself to reflect this new reality: not simply as a trading platform, but as core crypto infrastructure supporting the next generation of digital finance.

This evolution is particularly visible across the region, where regulators and financial institutions are actively building frameworks for digital-asset adoption. From the UAE to Bahrain to Pakistan, Binance’s recent regulatory milestones and partnerships point to a strategy centered on long-term integration rather than short-term growth.

From Trading Venue to Infrastructure Layer

Global market data illustrates how crypto usage is changing. On-chain activity reached record levels in 2025, with both spot and derivatives volumes rising, signaling a transition from early experimentation to consistent execution. At the same time, stablecoins have become a foundational settlement layer, processing more than $3.5 trillion in daily volume, surpassing traditional payment networks. These trends favor platforms that can operate at scale, with deep liquidity, technical reliability, and regulatory alignment.  In 2025 alone, more than $34 trillion was traded on Binance’s platform, with spot volume exceeding $7.1 trillion. All-time trading volumes across products have now surpassed $145 trillion, underlining Binance’s central role in global crypto liquidity.

Compliance Becomes a Catalyst for Growth

As crypto markets mature, compliance is increasingly seen not as a constraint, but as a driver of sustainable growth. Binance’s compliance investments have expanded significantly alongside its growth. In 2025, the company’s controls prevented $6.69 billion in potential fraud and scam losses, protecting more than 5.4 million users. Binance also processed over 71,000 law-enforcement requests globally, reflecting deeper cooperation with authorities and an increasingly formalized compliance posture. For MENAP markets in particular,  where regulators are designing digital-asset frameworks in parallel with rapid fintech growth this compliance-first approach has become central to Binance’s regional strategy.

ADGM License Sets a New Regulatory Benchmark

A key milestone in this shift was Binance securing a comprehensive global license from Abu Dhabi Global Market’s Financial Services Regulatory Authority (FSRA), widely regarded as one of the world’s most respected financial regulators. The authorization represents a world-first for the crypto industry and positions Binance among a select group of global financial institutions operating under ADGM’s regulatory framework. The license confirms compliance with stringent international standards covering governance, risk management, and consumer protection. The FSRA license therefore serves as a gateway for deeper institutional relationships, from custody and payments to cross-border partnerships.

Pakistan: Phased Regulation and Market Entry

Binance is advancing a phased regulatory strategy in Pakistan, one of the region’s largest and fastest-growing digital economies. Following high-level engagements with government stakeholders, Binance has obtained Anti-Money Laundering (AML) registration under Pakistan’s Virtual Assets Regulatory Authority (PVARA). The move marks a significant step toward full local licensing and incorporation.

In parallel, Binance has signed memorandums of understanding with local fintech players, including JazzCash, to explore cooperation on education initiatives and compliant digital-asset products, signaling a longer-term commitment to ecosystem development rather than transactional market entry.

Bahrain: Integrating Crypto Into Banking

In Bahrain, Binance’s strategy has moved further into traditional financial infrastructure through a partnership with Bank of Bahrain and Kuwait (BBK), one of the Kingdom’s leading retail and corporate banks. Under a memorandum of understanding, BBK plans to integrate Binance Bahrain’s regulated Crypto-as-a-Service (CaaS) solution directly into its mobile banking app, subject to final approval from the Central Bank of Bahrain. The integration would allow customers to trade and manage crypto assets within their existing banking environment, alongside traditional financial products.

The partnership positions BBK as the first bank in the GCC to join the Binance Link Program and reflects a broader trend toward embedded digital-asset services within mainstream financial platforms. For regulators and policymakers, such models offer a pathway to crypto adoption that maintains oversight while expanding access through established banking channels.

Infrastructure for the Next Phase of Digital Finance

Across the MENAP region, the emphasis is on how digital assets can be integrated responsibly into national financial systems, payment networks, and institutional investment frameworks.

“The next chapter of crypto is being built on infrastructure, not speculation,” said Tarik Erk, Regional Head for MENAT and Senior Executive Officer Abu Dhabi at Binance. “In MENAP, we’re working closely with regulators, financial institutions, and partners to create a compliant, secure, and scalable digital-asset ecosystem. Our ADGM license, regulatory progress in Pakistan, and partnerships in Bahrain reflect a clear shift from standalone platforms to integrated financial infrastructure that supports long-term adoption and institutional trust.”

As the region  positions itself as a global hub for digital finance, platforms that can combine scale, liquidity, regulatory credibility, and technical depth are likely to play a defining role. For Binance, the message is clear: the future of crypto in the region is being built not on trading alone, but on the infrastructure that makes digital finance sustainable.

Tarik Erk

Tarik Erk is a trailblazer in the digital asset industry with over a decade of experience in regulatory compliance, market expansion, product launches and government affairs. Tarik has recently joined Binance to lead the MENAT region. Tarik is instrumental in driving successful growth for the regulated business in the region and reinforcing Binance’s standing as the world’s largest and most trusted exchange. Prior to joining Binance, Tarik served as the GM for Middle East and Africa in the digital asset space. In 2023, Tarik was recognized as one of the most influential figures in Singapore’s FinTech ecosystem by FinTech Nation. He also served as a board member for the Singapore Cryptocurrency and Blockchain Industry Association. Tarik’s digital asset experience began in late 2017 with Paxos in New York City. Prior to that, Tarik worked in various roles with large financial institutions such as JPMorgan Chase and Commerzbank. Tarik is originally from Buffalo, NY and attended The Ohio State University for his BA and Mitchell Hamline School of Law for his JD. Tarik resides in Dubai with his wife and is an active part of the UAE’s growing digital asset community.

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