Analysis
9 Crypto Firms and 1 Stablecoin Issuer Hold a CBB Licence in Bahrain; 3 Hold a Category 4 (Exchange) Licence
Every crypto-asset service provider and stablecoin issuer in the CBB Licensing Directory.
The short version: 9 crypto-asset service providers and 1 stablecoin issuer are licensed by the CBB in Bahrain (CBB Licensing Directory, read 22 Oct 2026). 3 hold a Category 4 (exchange) licence; the directory lists ATME as under CBB administration. Category 4 is the only category that may operate a crypto-asset exchange: Binance Bahrain, Boxwind BH, ATME.
Every Licensee
| Firm | Name in directory | Licence | Date of Establishment | Remarks |
|---|---|---|---|---|
| ATME | ATME B.S.C.(c) | Category 4 | 30 May 2024 | Under CBB Administration |
| Binance Bahrain | Binance Bahrain B.S.C. (c) | Category 4 | 14 Mar 2022 | — |
| Boxwind BH | Boxwind BH B.S.C. (c) | Category 4 | 4 Nov 2025 | — |
| ARP Digital Bahrain | ARP Digital Bahrain B.S.C. (c) | Category 3 | 26 Dec 2023 | Crypto - Assets |
| CoinMENA | COINMENA B.S.C. (c) | Category 3 | 19 Nov 2020 | — |
| Fasset Financial Services | Fasset Financial Services W.L.L. | Category 3 | 22 Jan 2025 | — |
| Rain Management | Rain Management W.L.L. | Category 3 | 28 Jul 2019 | — |
| Waterfort Bahrain | Waterfort Bahrain B.S.C. (c) | Category 3 | 8 Mar 2023 | — |
| BitOasis Bahrain | BitOasis Bahrain W.L.L | Category 2 | 29 May 2024 | — |
| AX Coin Bahrain | AX Coin Bahrain B.S.C. (c) | Stablecoin issuer | 1 Jun 2026 | — |
The directory's “Remarks” field for ATME reads “Under CBB Administration”. The directory gives no date for it, and this page adds nothing beyond that remark.
Years are from the directory's “Date of Establishment” field (28 Jul 2019 to 1 Jun 2026). The directory does not label this field as the licence date.
Sources
- CBB Licensing Directory www.cbb.gov.bh
- CBB Rulebook, CRA-1.1 cbben.thomsonreuters.com