Crypto Licences in Bahrain: The CBB List
9 crypto-asset service providers and 1 stablecoin issuer are licensed by the CBB in Bahrain; 3 hold a Category 4 (exchange) licence; the directory lists ATME as under CBB administration.
Source: CBB Licensing Directory (read 22 Oct 2026).
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 | — |
“Date of Establishment” and “Remarks” are shown as the CBB directory labels them; the date is not presented as a licence date.
Source: CBB Licensing Directory (Capital Markets: Crypto-Asset Services Categories 1–4; Stablecoin Issuer), read on every build. Methodology.
The Rules in Brief
- The rules. The CBB issued final rules for crypto-asset services and crypto-asset exchanges in February 2019 (CBB); they sit in the Crypto-asset Module (CRA) of Volume 6 of the CBB Rulebook.
- Four licence categories (CRA-1.1):
- Category 1. Reception and transmission of orders; investment advice (CBB Rulebook).
- Category 2. Trading as agent; portfolio management; custody; investment advice (CBB Rulebook).
- Category 3. Trading as agent and as principal; portfolio management; custody; investment advice; digital token advisor (CBB Rulebook).
- Category 4. Operating a licensed crypto-asset exchange; custody; digital token advisor (CBB Rulebook).
- Stablecoins. In July 2025 the CBB introduced a framework for licensing stablecoin issuers, who may issue single-currency stablecoins backed by BHD, USD or another fiat currency acceptable to the CBB (CBB).
Summary of the CBB sources linked. Not legal advice.
Cite This Page
VASP Tracker, “Bahrain CBB Crypto Licensees: Categories 1–4 and Stablecoin Issuers”, https://vasptracker.com/en/bh/register/ (accessed 22 Oct 2026). CC BY 4.0.