Crypto companies registered in The Bahamas

The Securities Commission of The BahamasSCB The Securities Commission of The Bahamas, the regulator that registers and supervises crypto businesses under the DARE Act. Glossary publishes a monthly Register of Digital Asset Businesses under the DARE ActDARE Act The Digital Assets and Registered Exchanges Act 2024, the Bahamian law that requires crypto businesses operating in or from The Bahamas to register with the Securities Commission. Glossary 2024. The edition dated 30 September 2026 lists 35 registered firms plus FTX Digital Markets, whose registration is suspended while it is in official liquidation. The PDF is accurate but hard to read, so we have decoded it below.

Registered, licensed: what the words mean

Strictly, the SCB registers digital asset businesses; “licensed” is everyday shorthand. The register uses four types: DAE + DAB (approved to operate a digital asset exchange as well as other activities), DAB (digital asset business), RF (a firm already registered with the SCB, here a bank, approved for digital asset business) and FCSP (a financial and corporate service provider with the same approval). Each firm is approved for specific activities, so a registration for custodyCustodial Someone else, usually an exchange, holds the keys for you. Easy, but you rely on that company staying solvent and honest. Glossary does not let a firm run an exchange. Three firms are “approved on condition”. The rules behind all this are on our crypto regulation page.

The nine registered exchanges

The other 26 digital asset businesses

Which firms serve Bahamian retail customers?

The register does not say, and the numbers suggest very few do. Of 2.16 million clients across the sector at the end of 2025, only 1,376 lived in The Bahamas. Bahamas-registered firms mostly serve the world from Nassau.

A few points we could verify. OKX’s terms say Bahamas residents are served by its El Salvador entity, while OKX Bahamas FinTech serves institutions and a closed group of Mexican users (OKX review). Gate runs a Bahamas page and calls itself SCB-regulated (Gate review). Uphold Worldwide holds an exchange registration (Uphold review). The Bitfinex entities show their CEO, compliance officer and MLRO posts as vacant on the register. SunCash and Cash N’ Go are local Sand Dollar wallet providers registered for custody only; we found no evidence that either sells crypto (SunCash review). Capital Union Bank, Bank J. Safra Sarasin, Delchain and Galaxy target private, professional or institutional clients, covered in our OTC guide.

What changed since November 2025

Comparing the 30 November 2025 register with the 30 September 2026 edition: B2B Prime Services Bahamas, Levant Advisors, TransFi Bahamas and WG Capital were added, ST Global Markets Ltd no longer appears, and Quantfury Trading Ltd is now Quantfury Trading Americas Ltd. The longer trend is steady growth, from 10 firms at the end of 2022 to 18, 25, 32 and now 35, even as on-chain activity linked to The Bahamas has fallen by more than 70% since its late-2022 peak. Only 20 firms were active (live or authorised to start) at 31 August 2026; the SCB does not say which. It is also watching three suspected unregistered services.

Global exchanges that are not on the register

Many platforms Bahamians use are not SCB-registered, including Binance, Coinbase, Kraken, Bybit, Crypto.com, Gemini and CEX.IO. That does not make them unregulated. CEX.IO, for example, holds a UK FCA cryptoasset registration (FRN 1007192), US FinCEN money services business status and a Bank of Spain VASP registration; see our CEX.IO review. The practical difference is recourse: with a foreign platform, your complaint goes to its home regulator, not to the SCB.

How to check a firm in five minutes

1. 01

   Start at the SCB website

   Go to the registrant search page on scb.gov.bs and open the latest DARE register. The PDF address changes every month, so do not trust old links.

2. 02

   Match the exact legal name

   Scammers borrow real names with one word changed. Compare the company name, address and website against the register entry.

3. 03

   Match the activity

   A custody-only registration does not cover trading. Check the activity column covers what you are being offered.

4. 04

   Ask the SCB directly

   Not listed or unsure? Email sud@scb.gov.bs or info@scb.gov.bs, or call 242-397-4100, before you send anything.

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