Registration No: 55591
Incorporation Date: 19th May 2020
Digital Asset Business Act 2018 (“the Act”)
Certificate of Licence
Bittrex Global (Bermuda) Ltd.
22 Victoria Street
THIS IS TO CERTIFY that, pursuant to Part 2 of the Act,
the Bermuda Monetary Authority has duly licensed the above-named
Company as a
Class F Digital Asset Business
effective 30th September 2020
and the Company is authorized to carry on business in that capacity subject
to the provisions of the said Act and the conditions set out in Schedule 1
Issued this 4th December 2020
Registration No: 55591
The attached licence is subject to the following conditions:
- The company is licensed to operate a Digital Asset Business, in accordance with the Business Plan presented to the Authority pursuant to Section 10 paragraph 2 of the Digital Asset Business Act 2018 in the following categories of activity only:
o (c) operating as a digital asset exchange;
o (d) providing custodial wallet services; and
o (da) operating as a digital asset derivative exchange provider;
- The Company must, for the first twelve months following the granting of its license, submit to the Authority monthly Key Performance Indicators (KPIs) in the specified format as provided by the Authority on an agreed upon date each month;
- The Company must maintain minimum net assets of USD 600,000 amount, or its value equivalent, and minimum working capital ratio of 1.25:1 at all times;
- The Company shall not provide any form of advice to customers or prospective customers; and
- The Company must appoint a non-executive Director within 6 months from the granting of the licence.
Bittrex Global GmbH
Dr. Grass Strasse 12
Liechtenstein/Principality of Liechtenstein
Bittrex is supervised by the Office of Economic Affairs of Liechtenstein and the Liechtenstein Financial Market Authority. The relevant regulations are available here: www.gesetze.li – especially under the section on trade law [Gewerbegesetz] and due diligence law (Sorgfaltspflichtgesetz).
Bittrex Global is one of the most secure trading platforms in the world. Built on Bittrex’s cutting-edge technology, Bittrex Global provides an institutional grade experience for professional and novice customers alike. The Company is headquartered near the financial center of Zurich, in the Principality of Liechtenstein. What makes Bittrex Global different?
Secure platform – Bittrex Global employs the most reliable, effective security technologies available. We leverage an elastic, multi-stage holding strategy to ensure that the majority of funds are kept in cold storage for additional safety. Bittrex Global also enables two-factor authentication for all users and provides a host of additional security features to provide multiple layers of protection. Security is always our first priority.
Custom-built trading engine – Our custom trading engine was designed to be scalable and to ensure that orders are executed in real-time. We also support third-party trading platforms and algorithmic trading via our extensive APIs.
Fast deposits and withdrawals – Our highly efficient and automated monitoring platform allows us to provide users the fastest transactions available today. This includes updates on balance, trade, and holding information.
Driving Innovation – To help drive innovation in the blockchain industry, Bittrex Global is committed to supporting both new and established blockchains. Bittrex Global seeks to provide its users with an ever-growing selection of blockchain technologies and digital tokens, and all new digital tokens listed on the trading platform must complete a rigorous review process.
Commitment to compliance – Bittrex Global is committed to complying with all current EU and Liechtenstein regulations that help prevent, detect and remediate unlawful behavior by customers and virtual currency developers when using the Bittrex Global trading platform or any of the company’s other services.
Innovative location – Our location in Liechtenstein, where a pioneering regulatory framework for blockchain is currently being considered, places us to take a leading role in the international development of blockchain: driving adoption, working more closely with token teams and being more responsive to our customers.
Global Customers -- Bittrex Global will accept customers from around the world, except the United States and countries subject to various sanctions or legal prohibitions. US customers should contact Bittrex, Inc. (a separate company), as they do today.
The Bittrex Global team
Chief Executive Officer
Stephen has spent his entire 25-year career working in financial markets in London and New York. In 2018 he left the traditional world of finance to get involved in Blockchain. At Bittrex Global he is working to enhance international business operations.
Prior to Bittrex Global, Stephen joined the Investment Management Division of Goldman, Sachs & Co. in 2015. Stephen advised executives, entrepreneurs, and foundations manage all items of economic impact to their balance sheet. Prior to joining Goldman Sachs, he advised some of the world’s most sophisticated investors as a Partner and US CEO at Brevan Howard, Head of the New York office at Winton Capital, and Managing Director at Credit Suisse Asset Management. Prior to this, Stephen worked as a Managing Director in Fixed Income Sales and Trading at JPMorgan, and in Mergers and Acquisitions.
Stephen holds an MBA from Harvard Business School and a bachelor’s degree in Economics from Columbia University. He has served on several public company and non-profit boards.
SVP of Business Development & Markets
Chris joined Bittrex in 2017 as one of its early employees after 15 years of diverse technology experience across SaaS, digital media, and consulting. He joined Bittrex Global to lead international business development and markets, including listings. His experience spans company sizes from startups to large enterprises, including DocuSign, Amazon, Google, and Accenture.
Most recently prior to Bittrex, Chris was DocuSign’s Global Director of Competitive Strategy leading up to the IPO until becoming enamored by the potential of blockchain and cryptocurrency. Other specific experience in technology includes working at Amazon as Senior Product Manager for Amazon Video and Kindle, at Google as a Financial Analyst for YouTube, and at the Bill and Melinda Gates Foundation for a number of years as an Accenture Consultant focused on BI, systems integration, and IT strategy.
While at Bittrex, Chris was the Product Manager that drove the first fiat (US Dollar) markets launch in company history, provided initial strategic analysis for margin, custody, and remittances, and originated Bittrex’s institutional crypto lending program.
Chris holds an MBA from London Business School and an Electrical Engineering Bachelor of Science degree from the University of Colorado at Boulder’s College of Engineering and Applied Science.
Kwon Y. Park
Chief Strategy Officer
Kwon Y. Park provides strategic guidance on decision-making and leads partnerships that drive positive growth and development of Bittrex Global. Previously, he was the Director of Business Development at Bittrex U.S., leading the exchange partnership program among other business initiatives and partnerships.
Before joining Bittrex U.S., Park served as Counsel at Delta Strategy Group where he assisted clients including exchanges, energy and agribusiness companies, trade groups, financial services firms, technology companies (e.g. token & blockchain), investment funds, and Fortune 500 companies on regulatory compliance, enforcement, and policy issues. Park brings over a decade of legal, regulatory and business strategy consulting, and startup experience.
Park received his Bachelor of Science with a double major in Finance and Entrepreneurship & Corporate Innovation from the Kelley School of Business at Indiana University Bloomington and his Juris Doctor from the George Washington University Law School. He is a member of the New York State Bar and the D.C. Bar.
Strategy and Business Development Manager
Jason Park is a business development manager at Bittrex Global. He manages various business development lines and assists in global competitive strategy, focused on driving Bittrex’s core mission in fostering innovation, incubating new and emerging technology, and driving transformative change.
Prior to joining Bittrex, Park was a summer legal associate at Charles Stark Draper Laboratory reviewing patent and technology licensing and commercialization agreements to assist in negotiations. Prior to Draper Laboratory, Park was a summer legal associate at the Chamber of Digital Commerce, where he drafted policy letters for clients and educational content for Congressional offices. Park received his J.D. from Boston College Law School and his B.S. in Psychology from the George Washington University.