Bittrex Global GmbH’s Class F Digital Asset Business License

Appleby acted as Bittrex Global GmbH’s Bermuda counsel on the deal.

Bittrex Global GmbH applied for a Class F Digital Asset Business (DABA) License which represents the third such license issued by the Bermuda Monetary Authority (BMA).

The DABA license will provide Bittrex Global with an additional important gateway for global accounts. From its Bermuda hub, the company will offer additional digital asset services over time subject to further approval by the BMA.

Bittrex Global (Bermuda) Ltd. will operate a full service digital asset derivatives exchange platform from Bermuda, under its Class F DABA License. Appleby advised on all aspects of the DABA license application, including all AML/ATF regulatory requirements.

Partner Steven Rees Davies (Picture) was supported by Partner Matthew Ebbs-Brewer, Associate Kit Cunningham and Trainee Amber Farrington on the establishment of the Bermuda company and the DABA application, and by Partner Sally Penrose on the AML/ATF regulatory aspects.

Involved fees earner: Kit Cunningham – Appleby; Sally Penrose – Appleby; Steven Rees Davies – Appleby;

Law Firms: Appleby;

Clients: Bittrex Global GmbH;

Author: Ambrogio Visconti.