Blockchain.com has successfully obtained registration in the Cayman Islands.
With this decision, we can now provide regulated custody services, operate an exchange, and offer OTC crypto brokerage services for institutional clients within the regulatory framework of the Cayman Islands Monetary Authority (CIMA). While some crypto companies have set up shop in the Bahamas or the British Virgin Islands, Blockchain.com chose Cayman for its belief in fostering innovation in crypto and finance and because many financial institutions trust the rigor Cayman’s regulatory regime.
As the cryptocurrency space matures, institutions need regulatory clarity more than ever. Looking at how different regions handle crypto, CIMA stood out for its forward-thinking advice on digital asset regulation, including its efforts to create a regulatory framework for virtual asset service providers. One of the most popular jurisdictions in the world for blockchain-related businesses and crypto funds, the Cayman Islands has fostered a robust blockchain business ecosystem.
This registration is part of our broader commitment to global compliance and regulation in every jurisdiction where we operate. It also helps us to further support our institutional clients, who account for around half of our revenue.
Next, we will seek additional registrations in the United States, Germany, Italy, France and Spain, providing an ever-expanding range of options for our institutional clients.
Blockchain.com is one of the world’s leading providers of institutional solutions for traders, funds, distributors, VCs and crypto operators. With over $15 billion in institutional trading volume, Blockchain.com offers OTC trading, lending, and custody solutions for crypto institutions.
You can see Blockchain.com’s registration on the CIMA Registry for Crypto Businesses here.