Analysis
298 Crypto Firms Are Licensed in South Africa. Luno and VALR Are on the List; Binance Is Not, by Name
The FSCA's list of licensed crypto asset service providers: who is on it, what they may do, and which global names are missing.
The short version: 298 crypto asset service providers are on the FSCA's list of licensed CASPs (March 2026), including Luno, VALR, Altcoin Trader, Ovex, Yellow Card, FNB (FSCA). No entry on the list carries the name Binance, Coinbase, Kraken, OKX, Bybit, Crypto.com.
What the Licence Covers
The FSCA licenses CASPs as financial services providers under the FAIS Act for advice, intermediary services and investment management relating to crypto assets. It stresses that this is not recognition of crypto assets as legal tender, and that the South African Reserve Bank does not currently recognise crypto assets as currency (FSCA). 152 licensed CASPs may give advice and intermediary services, 116 also or only investment management, 14 intermediary services only and 12 advice only.
Major Names on the List
| Firm | FSP number | Licence category | Authorised activities |
|---|---|---|---|
| Altcoin TraderALTCOIN TRADER (PTY) LTD | 53614 | CAT I & II | Advice, Intermediary services, Investment management |
| FNBFIRST NATIONAL BANK ("FNB"), A DIVISION OF FIRSTRAND BANK LIMITED | 3071 | CAT I | Intermediary services |
| LunoLUNO (PTY) LTD | 53314 | CAT I & II | Advice, Intermediary services, Investment management |
| OvexOVEX (PTY) LIMITED | 53922 | CAT I | Intermediary services |
| VALRVALR (PTY) LTD | 53308 | CAT I & II | Advice, Intermediary services, Investment management |
| Yellow CardYELLOW CARD FINANCIAL SOUTH AFRICA (PTY) LTD | 53790 | CAT I | Advice, Intermediary services |
Missing Names
A name missing from the list is not a finding about how, or whether, a company serves South African users: a group can operate through a differently named local company. We only report what the list shows.
Removed, Lapsed and Withdrawn
The list also shows 8 CASPs whose crypto product categories were removed after approval, 3 licences that lapsed and 1 provisionally withdrawn. Full list.
Since the April 2024 List
The FSCA's list titled April 2024 had 75 crypto asset service providers; the March 2026 list has 298 in its licensed section. Of the 75 on the 2024 list, 69 are still licensed and 6 are now among CASPs whose crypto product categories were removed (FSCA, April 2024; FSCA, March 2026).
Crypto Categories Removed Since 2024
| No. | CASP | FSP number | Licence category | Authorised activities |
|---|---|---|---|---|
| 1 | Legen Capital (Pty) LtdLEGEN CAPITAL (PTY) LTD | 45960 | CAT I | Advice, Intermediary services |
| 2 | Integral Wealth Management Pty LtdINTEGRAL WEALTH MANAGEMENT PTY LTD | 46563 | CAT I & II | Advice, Intermediary services, Investment management |
| 3 | Intelligent Asset Minders CCINTELLIGENT ASSET MINDERS CC | 322 | CAT I | Advice, Intermediary services |
| 4 | Roseland (Pty) LtdROSELAND (PTY) LTD | 17258 | CAT I | Advice, Intermediary services |
| 5 | Salvo Capital (Pty) LtdSALVO CAPITAL (PTY) LTD | 8106 | CAT I & II | Advice, Intermediary services, Investment management |
| 6 | Vertex Financial Services CCVERTEX FINANCIAL SERVICES CC | 22124 | CAT I | Advice, Intermediary services |
| 7 | Wealth Tap (Pty) LtdWEALTH TAP (PTY) LTD | 45948 | CAT I | Advice |
| 8 | Zero One Advisory (Pty) LtdZERO ONE ADVISORY (PTY) LTD | 43850 | CAT I | Advice, Intermediary services |
Firms are matched by FSP number. The April 2024 list is shown as a dated earlier snapshot only; the current list is the one dated March 2026.
Sources
- FSCA list, March 2026 www.fsca.co.za
- FSCA list, April 2024 www.fsca.co.za