- Binance Bahrain’s operation license has been upgraded to Category 4.
- The exchange becomes the first crypto exchange to hold a full Category 4 License.
- Category 4 license allows Binance Bahrain to provide a full range of crypto-asset exchange services.
The Central Bank of Bahrain (CBB) has granted Binance, one of the largest cryptocurrency exchanges, a Category 4 license to operate as a crypto-asset service provider (CASP).
This development came via the official website of Binance today, Thursday, May 26, 2022. Binance is the first crypto exchange to secure the Category 4 license from the CBB. It received a preliminary license earlier on in December last year.
By the provision of this license, Binance Bahrain can subsequently offer a wider range of crypto exchange services to crypto traders from Bahrain. Specifically, Binance will be offering i …