Crypto users in Bahrain can now trade, stake and move funds in dinars after Binance switched on binance.bh, its fully regulated local platform running under a Category-4 Crypto Asset Service Provider licence from the Central Bank of Bahrain.
The launch means new and existing customers get direct BD deposits and withdrawals plus access to Binance’s full product menu—spot, staking and more—without routing money through offshore rails. Bahrain granted the licence in May 2022 and, since then, Binance has worked with the Central Bank to localise compliance and custody, reinforcing the kingdom’s bid to be the Gulf’s friendliest crypto jurisdiction. Chief executive of the Bahrain Economic Development Board Khalid Humaidan said the go-live cements the island’s status as a global fintech hub, while Binance regional head Richard Teng pointed to Bahrain’s fast-moving regulators and high crypto adoption.
General manager Tameem Al Moosawi added that tight cooperation with authorities underpins consumer protection—a signal to both retail traders and banks wary of partnering with exchanges. For founders building Web3 tools, the domestic on-ramp removes a friction point: users can fund wallets via local accounts, boosting conversion rates for NFT marketplaces, play-to-earn games and blockchain-based remittance apps. It also widens the talent pool for crypto jobs, aligning with Bahrain’s Financial Services Development Strategy, which targets 20 percent GDP contribution from the sector by 2026. Binance has flagged Bahrain as a regional hiring base, suggesting new roles in compliance, engineering and business development.
“Witnessing the Kingdom of Bahrain’s forward-thinking perspectives towards the crypto asset industry has been an excellent experience.”
Bahraini residents can sign up on binance.bh today, while startups eyeing partnerships can reach Binance Bahrain’s team for API and custody options.
