Banxa
Banxa Holdings Inc. (subsidiary of OSL Group)
Banxa is a fiat-crypto on/off ramp infrastructure provider: it lets exchanges, wallets, PSPs and fintechs enable their users to buy and sell crypto with traditional currency, via APIs, SDKs and UX components, with built-in KYC/AML and compliance. Founded in 2014 in Melbourne, it was the first publicly listed digital-asset PSP (TSXV) and, since early 2026, is a subsidiary of the Hong Kong-listed OSL Group. It holds a broad set of licences (MiCA CASP in the Netherlands, FinCEN MSB, 37 US money transmitter licences, an Australian DCE, and a UK FCA registration).
Data & conditions
| Service type | Stablecoin infrastructure |
|---|---|
| Pricing model | Not disclosed |
| Customer type | Fintech, Enterprise, Platforms, Marketplace |
| Fund custody | Custodial (platform holds funds) |
| Supported countries | US, EEA, UK, APAC |
| Regulator | AFM (NL) · FinCEN (US) · AUSTRAC (AU) · FCA (UK) |
| OAM Italy registration | No |
| Segment | B2B |
| Funding / solidity | Founded 2014 (Melbourne) · first listed digital-asset PSP (TSXV) · since 2026 a subsidiary of OSL Group (~$62M) |
| MiCA / License status | MiCA CASP (Netherlands, AFM)FinCEN MSB (31000255987782)US Money Transmitter Licenses (37 stati)AUSTRAC DCE (Australia)FCA cryptoasset registration (UK) MiCA CASP (Netherlands) |
Strengths
- Broad licence coverage: MiCA CASP (NL), FinCEN MSB, 37 US MTLs, Australian DCE, UK FCA registration.
- Established provider since 2014; first publicly listed digital-asset PSP.
- API/SDK integration with managed KYC/AML and compliance.
- No notable sovereignty advantage documented.
Weaknesses
- B2B service: not directly available to consumers (users access it through partner exchanges/wallets).
- Now controlled by OSL Group: the corporate structure changed recently (2026).
- Custodial: the platform holds your funds and can freeze or lose them.
- Subject to regulation (MiCA CASP (Netherlands)): reporting to authorities and freezes on order.
Verdict
Score 4.1/5, very strong profile. In its favour: broad licence coverage: MiCA CASP (NL), FinCEN MSB, 37 US MTLs, Australian DCE, UK FCA registration. The trade-off to weigh: b2B service: not directly available to consumers (users access it through partner exchanges/wallets).
On the Sovereignty lens the score is 0.0/5 (weak): the strength is fund control (0.0/5).
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
Can an individual use Banxa?
Not directly: Banxa is the on/off ramp infrastructure integrated by exchanges, wallets and apps. End users buy/sell crypto through the partner services that use Banxa behind the scenes.
Is Banxa regulated?
Yes. Among others it holds a MiCA CASP licence in the Netherlands (AFM), FinCEN MSB registration, 37 US money transmitter licences, an Australian DCE licence and a UK FCA registration.
Sources
- Official service page Data verified on Jul 17, 2026
- architectpartners.com Data verified on Jul 17, 2026