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20-22 JANUARY 2025

Exhibitor Press Release

ICE Barca 2025

IGBA Barca 2025

01 Feb 2024

Damex Sets Up Operations in The Isle of Man

Damex.io Stand: N10-100
Damex Sets Up Operations in The Isle of Man

The Damex Group, a leading crypto payments services provider has today announced the acquisition of Blackfridge EX Limited, a company registered with the Isle of Man Financial Services Authority as a virtual currencies service provider. 

This acquisition represents a strategic investment by Damex in the Isle of Man’s financial services sector enabling the provision of services to the flourishing iGaming industry. 

Sam Buxton, CEO of Damex said “Establishing a presence on the island has become an increasingly important part of the Damex business strategy and we are delighted that we can now support and integrate with the local community and its diverse industries through this investment.”


Mike Crosbie, CEO of Blackfridge EX and Grecia Ballard, CCO, will continue to manage the company’s activities from the current Blackfridge EX offices. 


Mike Crosbie commented “It’s great news that an organisation of the stature and reputation of Damex has decided to create a permanent operation here in the Isle of Man. We are excited to be part of it, and we look forward to developing and growing the business in the future.”


For more information, contact Pete Burgess – CBDO of Damex – pete@damex.io.

About Damex

The Damex group provides a digital asset management experience that helps people in their business and personal lives. For businesses, this includes digital/fiat conversions, IBAN’s and cross-border payments. It has over 700 clients and has transacted over $2.5 billion in the last 24 months. Damex was one of the first licensed and regulated cryptocurrency companies in Europe . The Damex group has offered compliant and regulated digital asset services for almost 7 years and holds a number of authorisations and registrations in a range  of jurisdictions, with prospective authorisations pending.