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Analysis

51 Crypto Companies Are Licensed in Bermuda, Including Coinbase and Circle. Binance Is Not One of Them

Every digital asset business licensee of the BMA, what each may do, and which global names are missing.

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The short version: 51 companies hold a digital asset business licence from the Bermuda Monetary Authority (BMA): 28 full (Class F), 15 modified (Class M) and 7 test (Class T) licences; one entry shows no class (BMA register). Global names among them include Bitcoin Suisse (International) Ltd., Bittrex Global (Bermuda) Ltd., BlockFi International Ltd., Cash App World Ltd., Circle International Bermuda Limited, Coinbase Bermuda Limited, Coinbase Bermuda Services Limited, HashKey Bermuda Limited, Luno International Limited, OSL Bermuda Limited, Payward Commercial Treasury Limited, Payward Digital Solutions Ltd., CEX.IO Digital Ltd.. No licensee name carries the name Binance, Bitget, Bybit, Crypto.com, Gate, Gemini, KuCoin, MEXC, OKX.

BMA digital asset business licences by classRead 21 Oct 2026. Class F (full): 28; Class M (modified): 15; Class T (test): 7; Class not shown: 1BMA digital asset business licences by classRead 21 Oct 2026Class F (full)28Class M (modified)15Class T (test)7Class not shown1Source: BMA. VASP Tracker
Source: BMA register of regulated entities (read 21 Oct 2026). Download: SVG · PNG · CC BY 4.0

Every Licensee

LicenseeClassReg. no.EffectiveExpiryAllowed activities
1Money Bermuda Ltd.Class F licence (full)2024041824 Jun 2025digital asset exchange, issuing, selling or redeeming digital assets, payment services using digital assets, custodial wallet services, digital asset services vendor
Agora Bermuda LimitedClass F licence (full)2025048955 Sep 2025issuing, selling or redeeming digital assets
Architect Bermuda Ltd.Class F licence (full)20240412628 Oct 2025custodial wallet services
Bitcoin Suisse (International) Ltd.Class F licence (full)20250533211 May 2026digital asset trust services, digital asset services vendor
Bittrex Global (Bermuda) Ltd.Class F licence (full)5559130 Sep 2020digital asset derivative exchange, digital asset exchange, custodial wallet services
BlockFi International Ltd.Class F licence (full)20220092221 Jan 2022digital asset derivative exchange, digital asset exchange, custodial wallet services, digital asset services vendor
Capital Com Investments (Bermuda) Ltd.Class F licence (full)20220197015 Apr 2025digital asset derivative exchange
Cash App World Ltd.Class F licence (full)20220128117 Feb 2023digital asset exchange, issuing, selling or redeeming digital assets, payment services using digital assets, custodial wallet services
Circle International Bermuda LimitedClass F licence (full)547861 May 2026issuing, selling or redeeming digital assets, payment services using digital assets, custodial wallet services, digital asset services vendor
CMC Markets Bermuda LtdClass F licence (full)20230271825 Aug 2025digital asset derivative exchange
Coinbase Bermuda LimitedClass F licence (full)20230216419 Apr 2023digital asset derivative exchange, digital asset exchange, issuing, selling or redeeming digital assets, custodial wallet services
Coinbase Bermuda Services LimitedClass F licence (full)20230268115 Sep 2023digital asset exchange, payment services using digital assets, custodial wallet services, digital asset services vendor
Ensuro Re LimitedClass F licence (full)2021005345 Mar 2026issuing, selling or redeeming digital assets, payment services using digital assets, custodial wallet services
HashKey Bermuda LimitedClass F licence (full)20230286421 Feb 2024digital asset derivative exchange, digital asset exchange, issuing, selling or redeeming digital assets, payment services using digital assets, custodial wallet services
IG International LimitedClass F licence (full)5481418 Feb 2020digital asset derivative exchange
Jewel Bancorp LimitedClass F licence (full)2022010776 Jun 2022issuing, selling or redeeming digital assets, payment services using digital assets, digital asset trust services, custodial wallet services, digital asset services vendor
Luno International LimitedClass F licence (full)20250467611 Aug 2026digital asset exchange, custodial wallet services, digital asset services vendor, digital asset lending or repurchase
Mountain Protocol LimitedClass F licence (full)20230251226 Jul 2024issuing, selling or redeeming digital assets, custodial wallet services
On Re SAC Ltd.Class F licence (full)553475 May 2022digital asset exchange, issuing, selling or redeeming digital assets, payment services using digital assets
OpenEden Digital LimitedClass F licence (full)20240346826 May 2026issuing, selling or redeeming digital assets
OSL Bermuda LimitedClass F licence (full)20240416230 Jul 2025digital asset derivative exchange, digital asset exchange, issuing, selling or redeeming digital assets, payment services using digital assets, custodial wallet services, digital asset services vendor, digital asset lending or repurchase
Payward Commercial Treasury LimitedClass F licence (full)2024032616 Nov 2024custodial wallet services
Payward Digital Solutions Ltd.Class F licence (full)2024032681 Aug 2024digital asset derivative exchange, digital asset exchange, custodial wallet services, digital asset services vendor, digital asset lending or repurchase
STS Digital Ltd.Class F licence (full)20220098530 Apr 2026digital asset derivative exchange, digital asset exchange, custodial wallet services, digital asset services vendor
Wenia Ltd.Class F licence (full)20220157329 Feb 2024digital asset exchange, issuing, selling or redeeming digital assets, payment services using digital assets, custodial wallet services, digital asset services vendor
XBTO International Ltd.Class F licence (full)5323727 Jul 2022digital asset services vendor
Xfinance Global Solutions LimitedClass F licence (full)20240432025 May 2026digital asset derivative exchange, digital asset exchange, issuing, selling or redeeming digital assets, payment services using digital assets, custodial wallet services, digital asset services vendor, digital asset lending or repurchase
Zero Hash Worldwide Ltd.Class F licence (full)20230255118 Jun 2024digital asset exchange, issuing, selling or redeeming digital assets, payment services using digital assets, custodial wallet services, digital asset services vendor
Apex Fund Services Ltd.Class M licence (modified)3383225 Aug 202512 Aug 2026issuing, selling or redeeming digital assets, digital asset services vendor
CEX.IO Digital Ltd.Class M licence (modified)20240336914 Jul 202613 Jul 2027digital asset exchange, digital asset services vendor
Cor Prime ISA II Ltd.Class M licence (modified)20250459015 Oct 202631 Jan 2027digital asset lending or repurchase
Cor Prime ISAC Ltd.Class M licence (modified)20240356823 Jul 202622 Jul 2027digital asset services vendor, digital asset lending or repurchase
FXCH [Bermuda] Ltd.Class M licence (modified)20220097923 May 202622 May 2027custodial wallet services, digital asset services vendor
Haycen Bermuda LimitedClass M licence (modified)20240430918 Aug 202618 Aug 2027issuing, selling or redeeming digital assets
Kimber Digital Assets Bermuda ISAC LtdClass M licence (modified)20250541323 Jul 202622 Jul 2027issuing, selling or redeeming digital assets, digital asset services vendor
Meli ISA Ltd.Class M licence (modified)20250459618 Aug 202618 Feb 2027digital asset services vendor
Meli ISAC Ltd.Class M licence (modified)20250465918 Aug 202618 Feb 2027issuing, selling or redeeming digital assets
Nest nONRE ISA LtdClass M licence (modified)20250460125 Aug 202622 Jul 2027issuing, selling or redeeming digital assets, digital asset services vendor
Stablehouse Ltd.Class M licence (modified)5410823 Jun 202622 Oct 2026digital asset exchange, payment services using digital assets, custodial wallet services, digital asset services vendor
Stillman Digital Bermuda Ltd.Class M licence (modified)2023027629 Apr 20268 Apr 2027custodial wallet services, digital asset services vendor
Triangle Digital Ltd.Class M licence (modified)540047 Oct 20266 Jan 2027issuing, selling or redeeming digital assets
Twin Finance Bermuda Ltd.Class M licence (modified)20240321122 Sep 202621 Sep 2027digital asset exchange, issuing, selling or redeeming digital assets, custodial wallet services
VNX Global Ltd.Class M licence (modified)20260554813 Apr 202612 Apr 2027digital asset exchange, issuing, selling or redeeming digital assets, payment services using digital assets, custodial wallet services, digital asset services vendor
24X Bermuda LimitedClass T licence (test)543425 Aug 20264 Aug 2027digital asset derivative exchange, digital asset exchange, digital asset services vendor
Berpay LtdClass T licence (test)20220082726 Aug 202625 Sep 2027payment services using digital assets, custodial wallet services
DerivaDex Bermuda Ltd.Class T licence (test)20250500729 Oct 202528 Oct 2026digital asset derivative exchange, digital asset services vendor
Excellar International SAC Ltd.Class T licence (test)20240360122 Jul 202621 Oct 2026issuing, selling or redeeming digital assets, custodial wallet services, digital asset lending or repurchase
Glimpse Ltd.Class T licence (test)20250484430 Apr 202629 Apr 2027digital asset exchange, custodial wallet services, digital asset services vendor
Juno Moneta Bermuda LimitedClass T licence (test)2023021243 Sep 20264 Sep 2027issuing, selling or redeeming digital assets, payment services using digital assets, custodial wallet services
Nimble Insurance, Ltd.Class T licence (test)2022009315 Oct 20264 Oct 2027issuing, selling or redeeming digital assets, digital asset services vendor
Caliza International Ltd.Licensed (class not shown)2023021228 Oct 20257 Oct 2026custodial wallet services

Names, classes, numbers, dates and activities as shown by the BMA. Addresses are not republished. A name match says nothing about group ownership beyond the name.

What They May Do

By the BMA's own wording: 30 may provide custodial wallets, 28 act as a digital asset services vendor, 26 issue, sell or redeem digital assets, 21 operate a digital asset exchange, 16 provide payment services, 13 run a derivative exchange, 7 offer lending or repurchase and 2 trust services.

Allowed activities of BMA licenseesLicensees allowed each activity (a licensee can have several). custodial wallet services: 30; digital asset services vendor: 28; issuing, selling or redeeming digital assets: 26; digital asset exchange: 21; payment services using digital assets: 16; digital asset derivative exchange: 13; digital asset lending or repurchase: 7; digital asset trust services: 2Allowed activities of BMA licenseesLicensees allowed each activity (a licensee can have several)custodial wallet services30digital asset services vendor28issuing, selling or redeeming digital assets26digital asset exchange21payment services using digital assets16digital asset derivative exchange13digital asset lending or repurchase7digital asset trust services2Source: BMA. VASP Tracker
Source: BMA register of regulated entities (read 21 Oct 2026). Download: SVG · PNG · CC BY 4.0

Sources

  1. BMA, Search the regulated entities www.bma.bm
  2. BMA, Digital Asset Business www.bma.bm

Cite This Page

VASP Tracker, “51 crypto companies are licensed in Bermuda, including Coinbase and Circle. Binance is not one of them”, https://vasptracker.com/en/bm/analysis/bermuda-licensed-crypto-companies-bma-dab-register/ (accessed 21 Oct 2026). CC BY 4.0.

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