Binance has offered its staff in the United Arab Emirates the opportunity to temporarily relocate to Hong Kong, Tokyo, Kuala Lumpur and Bangkok amid regional tensions, the company told CoinDesk on Friday.
“Given recent regional tensions, we have offered employees the opportunity to temporarily relocate as an employee-first precautionary measure to provide flexibility and support during a period of uncertainty,” a Binance spokesperson said. “As an organization focused on remote work, we are well-positioned to support this type of flexibility without disrupting our operations. »
The spokesperson also said its UAE operations remained unchanged and many employees had chosen to stay.
“Our operations in the UAE are continuing as normal – many of our teams have chosen to remain in the UAE. We remain deeply committed to the UAE as a key hub for Binance and the region as a whole,” the spokesperson said. “As a global company, we continue to operate seamlessly and serve our users without interruption. »
The resettlement offer follows a ceasefire agreement, after about six weeks of escalating regional conflict that disrupted commercial activity in the UAE. The country has intercepted hundreds of missiles and drones since hostilities began in late February, according to the UAE Ministry of Defense, with additional interceptions reported on April 8.
The conflict in the Middle East has already disrupted major crypto, trade and sporting events in the UAE. TOKEN2049 Dubai was postponed to 2027, while TON Gateway was canceled due to security and travel concerns. Other major events, including Middle East Energy Dubai and the Dubai International Boat Show, have also been delayed, and the Bahrain and Saudi Arabia Formula 1 races, key to crypto sponsorship visibility, are expected to be canceled.
In December, Abu Dhabi Global Market (ADGM) said Binance’s global platform would operate within its regulatory framework, marking an important step in formalizing the exchange’s structure.
Binance, which reportedly has 1,000 employees or 20% of its total global workforce in the UAE, has also indicated that its global operations are supported from Abu Dhabi, although it has not clearly defined a single global headquarters.
